Nigeria
Nigerian Government Denies $10 Billion Binance Fine Reports
A representative of the Nigerian government has dismissed speculation surrounding a reported $10 billion fine for the cryptocurrency exchange Binance. Bayo Onanuga, a ...
News
Nigeria: CBN Announces N1.64 Trillion Treasury Bill Offering for Q2 2024
The Central Bank of Nigeria (CBN) has disclosed its intention to conduct the sale of treasury bills amounting to N1.64 trillion during the ...
Nigeria
Nigeria: CBN Revokes Licenses of 4,173 BDCs for Regulatory Violations
In a significant move to enhance regulatory compliance in the local currency market, the Central Bank of Nigeria (CBN) has invalidated the licenses ...
News
Nigeria: CBN Governor Explains Interest Rate Hike Amid Inflationary Pressures
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), clarified the recent increase in interest rates, citing it as a response ...
Nigeria
Nigeria: CBN Governor Affirms Naira as Grossly Undervalued, Vows Aggressive Regulatory Measures
Mr. Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), declared that the Naira is significantly undervalued, expressing concerns about the ...
News
Nigeria: FX Debt Cleared in Most Banks, Only Five Still Outstanding -CBN Governor:
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), announced that the backlog of foreign exchange (FX) debt in most Nigerian ...
Africa
Africa: KCB Bank and Mastercard Ink Five-Year Partnership to Streamline Digital Payments Across East Africa
Mastercard Incorporated (MA) has recently entered into a strategic collaboration with KCB Bank, a prominent financial institution in Kenya, to provide a comprehensive ...
Nigeria
Nigerian Debt Recovery Startup Bfree Secures $2.95 Million to Revolutionize Africa’s Debt Collection Landscape
Tech-enabled debt collection startup Bfree, based in Nigeria, has successfully raised $2.95 million in a recent funding round, marking a significant milestone in ...
Ghana
Ghana: BoG revises balance, transaction limits of mobile money wallets upwards, starting March 1
The Bank of Ghana (BoG) has revised the balance and transaction limits of customers’ mobile money wallets upward, effective March 1, 2024. A ...
Africa
Africa: Mastercard and MTN Group Fintech Collaborate to Boost Mobile Money Ecosystem Across 13 African Markets
Mastercard and MTN Group Fintech have solidified a multi-market agreement aimed at fostering a new era of collaboration to facilitate secure mobile payments, ...