Africa
African Fintech Startups Secure $2.7 Billion in VC Funding
Fintech startups across Africa’s dynamic market have successfully raised over $2.7 billion in venture capital (VC) funding over the past two years, according ...
Nigeria
Nigeria: SEC Reports Unclaimed Dividends of N190 Billion in Capital Market
The Securities and Exchange Commission (SEC) has revealed that the amount of unclaimed dividends in Nigeria’s capital market has reached N190 billion. During ...
News
Nigeria: Central Bank Borrowing Surges to N12 Trillion as Banks Struggle with Cash Shortage
Recent data reveals a growing reliance on the Central Bank of Nigeria (CBN) for liquidity among commercial and merchant banks. Over the past ...
News
Nigeria Collects N2 Trillion in Taxes from Foreign Tech Giants Google, Facebook, and Others
The federal government of Nigeria has amassed a significant sum of N2 trillion ($2.5 billion) in taxes from foreign companies operating within the ...
News
Nigeria: Telecom Sector Contributes 16.06% to Nigeria’s Q2 2023 GDP, Reports NBS
The telecommunications and information services (telecoms) sector has emerged as the third-highest contributor to Nigeria’s GDP in the second quarter of 2023. This ...
News
Nigeria: Ignorance Identified as Key Factor in the Surge of Cybercrime, Say Experts
Cybersecurity stakeholders have pinpointed ignorance as a significant driver behind the increasing incidents of cybercrime in society. This revelation emerged during the launch ...
Nigeria
Nigeria: N125 Million in Fines Imposed on Banks and 18 Others for Late Filings
A total of eight banks and 18 other listed companies have collectively received fines amounting to N125 million due to their failure to ...
News
South Africa’s Inflation Eases to 4.8%, Marking a Two-Year Low
South Africa’s annual inflation rate continued its downward trajectory, reaching a two-year low of 4.8% in July 2023, down from 5.4% in the ...
News
Nigeria: CBN Clarifies no Intention to Resume Weekly Dollar Sales to BDCs
The Central Bank of Nigeria (CBN) has refuted any plans to reintroduce weekly foreign currency sales to Bureau de Change (BDC) operators, following ...
Ghana
Ghana: Eganow Granted Enhanced Payment Service Provider License by Bank of Ghana
Eganow, a prominent fintech firm operating within Ghana, has successfully obtained an Enhanced Payment Service Provider license from the country’s Central Bank. This ...