News
Nigeria: PenCom to increase retirees’ monthly pension from February 2023
The National Pension Commission(PenCom) says it has approved the increase of monthly pensions for retirees on “programmed withdrawal” under the contributory pension scheme ...
Ghana
Ghana: Policy rate to hit 29% in 2023; cost of loans to further escalate – Fitch Solutions
Fitch Solutions is projecting a further monetary tightening by the Bank of Ghana [BOG] in 2023. According to the UK based research and ...
Ghana
Ghana makes concerted efforts to check money laundering – BOG
The Bank of Ghana says Ghana has made concerted efforts to check money laundering and terrorism financing crimes. This is coming after it ...
News
Nigeria: NAICOM Hikes Third Party Vehicle Insurance to N15,000
Nigeria’s insurance watchdog, the National Insurance Commission (NAICOM) has raised Third Party insurance cover for motorists from N5,000 to N15,000 yearly with effect ...
Benin Republic
Benin: MTN Benin and Ericsson deploy AI and ML for Managed Services
MTN Benin and Ericsson have partnered on the deployment of an Artificial Intelligence (AI) and Machine Learning (ML) solution in Africa to address ...
News
Nigeria: World Bank says Nigeria Lost $144b in 4 years over CBN Exchange Rate Policies
The Central Bank of Nigeria’s (CBN) approach to managing exchange rates has drawn criticism from the World Bank once again and caused disagreement ...
News
Nigeria: 94% of cash transactions within N500, 000 new cash withdrawal limit, says Emefiele
The Central Bank of Nigeria (CBN) said 94 per cent of all cash transactions falls below the N500,000 new weekly cash withdrawal limit ...
Africa
Africa: African Development Bank Partners with Bank One on Trade Finance
The African Development Bank Group is supporting the trade finance efforts of Bank One Limited. The Group will provide a $40 million trade finance package that ...
News
Nigeria: CBN says 1.4m POS Agents Generated N6tr in Transactions
Every local government in Nigeria has a Point of Sale (POS) agent present, according to Godwin Emefiele, Governor of the Central Bank of ...
News
Rwanda: World Bank Provides $200 Million to Support Accelerated Human Capital Development in Rwanda
The World Bank’s Board of Directors approved $200 million in International Development Association (*IDA) financing to advance Rwanda’s policy and institutional reform program ...