News
Nigeria: CBN Interest Rate to Hit 20%
As the fight against rising headline inflation begins to get messy, Societe Generale has said that the Central Bank of Nigeria isn’t finished ...
Africa
Africa: iiDENTIFii Raises $15m to Fight Cybercrime in Africa
An innovative biometric technology firm, iiDENTIFii says it has raised $15m dollars to fight Cybercrime through biometric authentication and for the company’s expansion ...
Intelligence
Nigeria: Financial phishing cyberattacks significantly increase in Kenya and Nigeria in Q2 of 2022
Complex cyberattacks should make fraud prevention a focal point to control fraud transactions, eventually reduce fraud risk in the future and avoid reputation ...
News
SA: Visa Appoints New Country Head for South Africa
Global payments company Visa has appointed Lineshree Moodley as its new Country Head for South Africa (SA). Lineshree will be responsible for the ...
News
Nigeria: DG NITDA Makes Strong Case for e-Voting
The proper administration of elections contributes immensely to the growth of democracy and civic development, Kashifu Inuwa, the Director General, National Information Technology ...
News
Nigeria: CBN Gives Commercial Banks 48 Hours to Deposit Over N6trn Customers Deposit Into Its Account
The Central Bank of Nigeria has issued 48 hours deadline to commercial banks to deposit not less than N6.96 trillion of customers’ deposits ...
Kenya
Kenya: Safaricom announces 50 per cent reduction in Fuliza interest charges
Borrowers of Fuliza will, from October 1, 2022, be freed of daily maintenance charges for transactions below Sh1,000 in the first three days ...
News
Nigeria: eNaira Records over 1.49m Transactions Worth N3.484b
The Central Bank of Nigeria (CBN) said the eNaira application has recorded over 1.49 million transactions worth over N3.484 billion. Godwin Emefiele, the ...
News
Nigeria: CBN recovers 3.7trn intervention funds
Beneficiaries of various Central Bank of Nigeria (CBN) intervention schemes have re-paid a total of N3.7 trillion out of the N9. 3 trillion ...
News
Nigeria: UBA to begin cross-border transactions with PAPSS in Q4
United Bank for Africa Plc. (UBA) says it will soon start cross-border transactions with the new Pan-African Payment and Settlement System (PAPSS) in ...