News
Nigeria: Banking Fraud in Nigeria Soars to N9.5 Billion, Projected to Hit N20 Billion by Year-End
The Nigerian banking system has been grappling with staggering losses to fraud, with over N9 billion already lost this year. Experts predict that ...
Liberia
Liberia: Mastercard and GTBank Revolutionize Digital Payments in Liberia
Mastercard has joined forces with Guaranty Trust Bank Liberia (GTCO Liberia), a prominent Liberian financial institution recognized for its dedication to innovation and ...
News
Nigeria: ICT Emerges as Second-Highest Contributor to Nigeria’s Q2 2023 GDP
In a significant development, the Information and Communication Technology (ICT) sector emerged as the second-highest contributor to Nigeria’s real Gross Domestic Product (GDP) ...
Kenya
Nigeria: Paystack Officially Launches in Kenya
Paystack, a leading payment technology provider in Africa, has officially launched its operations in Kenya, marking a significant milestone ten months after receiving ...
Africa
Africa: India Aims to Extend Unified Payments Interface (UPI) to Africa
India is actively engaged in discussions with several African nations, including Namibia, Mozambique, and Kenya, as well as fellow BRICS members, to facilitate ...
Africa
Africa: Anchor Secures $2.4 Million in Seed Funding to Expand Banking-as-a-Service Offerings Across Africa
Anchor, a prominent Banking-as-a-Service (BaaS) provider operating across Africa, has successfully raised $2.4 million in seed funding. The capital injection will be employed ...
News
Nigeria: Sharp Increase in Naira Value of Forex Deposits Spurs 17% Surge in Money Supply
Nigeria’s money supply has experienced a significant and rapid increase of 17% over two months, reaching its peak in July. This surge was ...
News
Nigeria: FCCPC Receives Top Honors as Nigeria’s Most Efficient and Transparent Government Agency
In a recent online poll conducted across various platforms including LinkedIn, The Bureau Newspaper website, and Nairaland, the Federal Competition and Consumer Protection ...
Nigeria
Nigeria: CBN Imposes Additional Debits on Banks for Failing to Meet Loan Target
The Central Bank of Nigeria (CBN) has taken action against commercial banks that did not meet its 65% loan-to-deposit target by imposing additional ...
News
Nigeria: NAICOM Encourages Tech Adoption to Boost Insurance Penetration
The National Insurance Commission (NAICOM) has issued a call to insurance industry stakeholders, urging them to harness technological advancements in extending insurance products ...