Currency in circulation reached N2.9tn in 2020 %E2%80%93 CBN

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Currency in circulation reached N2.9tn in 2020 – CBN

Currency in circulation rose by N249bn from N2.66tn as of the end of November to N2.91tn in December 2020. The data was obtained ...

By Regtech AfricaJanuary 12, 20210

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First Bank launches virtual payment card

First Bank of Nigeria Limited says it has launched a virtual payment card, a naira-denominated debit card and digital representation of the plastic ...

By Regtech AfricaJanuary 12, 20210

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Excess liquidity – CBN hits banks with N600bn CRR debit

The Central bank of Nigeria (CBN) on Friday hit the banking system with N600 billion Cash Reserve Ratio (CRR) debit in a bid to ...

By Regtech AfricaJanuary 12, 20210

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Kenyan data analytics company Gro Intelligence raises $85m Series B funding round

The Kenya-founded data analytics company Gro Intelligence has raised a US$85 million Series B funding round, by some way the largest funding round ...

By Regtech AfricaJanuary 12, 20210

Chinas move to regulate its tech giants is part of its bigger push to become a tech %E2%80%98superpower 1 scaled

Opinions

China’s move to regulate its tech giants is part of its bigger push to become a tech ‘superpower

China’s recent moves to regulate large technology giants are part of its broader push to become a technological “superpower,” one expert told CNBC. ...

By Regtech AfricaJanuary 12, 20210

Global Economy to grow by 4 in 2021 %E2%80%93 World Bank

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Global Economy to grow by 4% in 2021 – World Bank

The global economy is most likely to expand by 4% in 2021, with the immediate policy priorities focused on controlling the spread of ...

By Regtech AfricaJanuary 11, 20210

Opinions

Will CBDCs replace stablecoins

The growth of stablecoins within the crypto industry has surged in the past year, with the total supply reaching $31.7 billion at the ...

By Regtech AfricaJanuary 11, 20210

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Vietnamese HDBank To Issue Letters of Credit on the Blockchain

The Vietnamese financial institution will reportedly initiate the provision of letters of credit (L/C) on the blockchain, aiming at better and safer transactions ...

By Regtech AfricaJanuary 11, 20210

Opinions

Some Things You Should Know About The Finance Act 2020

The House of Senate and House of Representatives passed the Finance Bill on 15th and 17th December, 2020 respectively. On the 31st of December, 2020 the ...

By Regtech AfricaJanuary 11, 20210