News
Nigeria: Moody’s downgrades Nigeria’s local and foreign currency ratings
Global rating agency, Moody’s has downgraded Nigeria’s local and foreign currency long-term issuer ratings as well as its foreign currency senior unsecured debt ...
News
Zambia: Zambia Battles Downside Risks over Inability to Repay Debts
Zambia’s economy still remains messed up with worsening macroeconomic data except that Kwacha, the country’s local currency has gained moderately against the United ...
Africa
Africa: AfDB Launches Project to Create Jobs in Nigeria, 2 other African Countries
The African Development Bank (AfDB) has launched a global initiative to enhance the lives of young people in three African nations by providing ...
News
Nigeria: Polaris Bank gets new board, management after sale by CBN
Polaris Bank has named a new board and management a day after the Central Bank of Nigeria announced the sale of the lender ...
News
Nigeria: CBN, NIBSS, set to introduce national card scheme
The Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, in conjunction with Bankers’ Committee will soon float a national ...
News
Nigeria: CBN to review eNaira implementation one year after
The Central Bank of Nigeria has unveiled a programme of events to review and commemorate the first anniversary of the launch of Africa’s ...
Regulatory
South African Financial Sector Regulator Declares Crypto Assets a Financial Product
According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory ...
Egypt
Egypt: Egyptian fintech Telda lands $20m seed funding
Egyptian fintech Telda, which offers a payments and money movement app targeted at millennials and Gen Z, has raised $20 million in seed ...
Ghana
Ghana: 86% bank executives confirm prioritising Environmental, Social and Governance in operations
The 2022 PwC Ghana Banking Survey Report has revealed that 86 % of bank executives confirmed discussing Environmental, Social and Governance (ESG) matters ...
News
Nigeria: FG to Convert CBN Loans to Bonds over a 40-year Period
Dr. Zainab Ahmed, the Minister of Finance, Budget, and National Planning, claimed that she had been given permission to securitize the Ways and ...