Nigeria
Nigeria: SEC to Establish Financing Platform for Commodity Sector Development
The Securities and Exchange Commission (SEC) is gearing up to create a financing platform that will enable key players in the commodities trading ...
Nigeria
Nigeria: Central Bank’s Move to Unfreeze Forex Trading Accounts Heralds a New Beginning
Nigeria’s central bank has made a significant decision to unfreeze the accounts of certain firms previously accused of “illegally trading” in foreign exchange ...
News
Nigeria: World Bank’s Recommendations to Revamp Nigeria’s Economy
The June 2023 edition of the Nigeria Development Update (NDU) by the World Bank provides significant macro-fiscal policy recommendations aimed at revitalizing the ...
Kenya
Kenya: Safaricom’s M-PESA to Compete with Ethio Telecom’s Telebirr as it Plans Entry into Ethiopia
Safaricom, the Kenyan telecommunications giant, made its official entry into Ethiopia in 2022, but its highly lucrative mobile money service, M-PESA, is yet ...
Nigeria
Nigeria: NCC Conducts Public Inquiry on Regulatory Instruments for Telecommunications Industry
The Nigerian Communications Commission (NCC) has commenced a three-day public inquiry to review six critical regulatory instruments aimed at addressing quality of services ...
Nigeria
Nigeria: CBN Lifts Ban on 440 Accounts Including Bamboo, Nairabet, and AbokiFX
The Central Bank of Nigeria (CBN) has directed banks to remove the post-no-debit restrictions placed on the bank accounts of 440 individuals and ...
Namibia
Namibia Enacts Crypto Exchange Regulation Bill into Law
Namibia has taken a significant step in regulating its cryptocurrency market as the government recently signed a new law to oversee Virtual Asset ...
News
Nigeria: CBN Raises Benchmark Interest Rate to 18.75%
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has announced an increase in the country’s Monetary Policy Rate (MPR) from 18.5 ...
News
Nigeria: CBN’s Hawkish Approach: MPC Set to Conclude Meeting with 50bps Rate Hike
As projected, the Monetary Policy Committee (MPC) is expected to raise the Monetary Policy Rate (MPR) by 50 basis points (bps) as it ...
Nigeria
Nigerian insurtech startup, MyCover.ai raises $1.25m in pre-seed round
Nigerian insurtech startup, MyCover.ai, has successfully concluded a pre-seed funding round, raising $1.25 million to address the challenges faced by the insurance industry ...