Nigeria
Nigeria: Surge in Revenue for Nigerian Banks Linked to CBN’s Cashless Policy Implementation
A significant revenue boost has been reported by 10 prominent Nigerian banks, reflecting a 38.9% increase last year due to the implementation of ...
Nigeria
Nigeria: CBN Clarifies Stance on Foreign Reserves and Naira Defense
Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has clarified that the recent depletion in Nigeria’s foreign reserves was ...
News
Nigeria: Wema Bank Strengthens Security Measures, Suspends Several Fintech Partners
Wema Bank has announced the suspension and removal of approximately seven fintech partners from its payment gateway platform due to fraudulent activities. This ...
Nigeria
Nigeria: CBN Reduces Loan-to-Deposit Ratio to 50% to Tighten Monetary Policy
In a move to further tighten monetary policy, the Central Bank of Nigeria (CBN) has announced a significant reduction in the Loan-to-Deposit Ratio ...
News
Nigeria: CBN Governor Explains Reasons Behind Depletion of External Reserves
In a recent discussion at the International Monetary Fund/World Bank Spring Meetings in Washington D.C., the Governor of the Central Bank of Nigeria ...
News
Nigeria: Naira Strengthens in the Market, BDCs Purchase Dollar at N980 – ABCON Reports
The Association of Bureau De Change Operators of Nigeria (ABCON) has observed a notable appreciation of the Naira, with Bureau De Change operators ...
News
Nigeria: CBN and NIPSS Partner to Boost Job Creation through Nigeria’s Digital Economy
The Central Bank of Nigeria (CBN) and the National Institute for Policy and Strategic Studies (NIPSS) have announced a collaborative initiative aimed at ...
Kenya
Kenya: Metrofile Kenya Launches Innovative Cloud Services to Transform Data Management
Metrofile, a frontrunner in document management and digital solutions across East Africa, is excited to introduce its cutting-edge cloud services. This new development ...
News
Nigeria: Central Bank of Nigeria Focuses on Digital Advancements for Economic Growth
The Central Bank of Nigeria (CBN) has reaffirmed its dedication to utilizing digital technology to promote financial inclusion and spur economic development. This ...
Kenya
Kenyan Startup Triply Selected by Y Combinator, Secures $500K Investment
Triply, a Kenyan traveltech startup, has recently been chosen as the latest African participant in the renowned Y Combinator startup accelerator program. This ...