Nigeria
Nigeria: NAICOM and FRSC Strengthen Partnership for Third-Party Motor Insurance Enforcement
The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have reinforced their collaboration to ensure the effective enforcement of compulsory ...
Fintech
Nigeria’s Cash Crisis: How POS Agents Overtook ATMs in the Battle for Cash
According to Tope Dare, Executive Director of e-Business and Infrastructure at Inlaks Computers Limited, Nigeria’s persistent cash shortage has been attributed to poor ...
Nigeria
Nigeria: NIS Launches Contactless Passport Application for Nigerians Residing in Europe
The Nigeria Immigration Service (NIS) announced today that it will extend its contactless passport application system to select European countries, aiming to simplify ...
Nigeria
Nigeria: NIMC Approves FIC Professionals Network Plc for ID4D Initiative
The National Identity Management Commission (NIMC) has granted clearance to FIC Professionals Network Plc to participate in Nigeria’s World Bank-supported Identity for Development ...
News
Nigeria Remains Africa’s Largest Economy, Affirms World Bank
At a recent stakeholder engagement in Abuja, Dr. Ndiame Diop, the World Bank’s Country Director for Nigeria, reaffirmed that Nigeria continues to be ...
Africa
Global: Verto Launches Global Business Award, Empowering Startups with a $10K Grand Prize
Verto, the global fintech leader in enterprise-grade cross-border payments, foreign exchange, and banking solutions, has introduced the Verto Global Business Award—a transformative initiative ...
Fintech
Uganda: Mastercard Launches Its First Ugandan Office to Drive Digital Transformation and Financial Inclusion
Mastercard has inaugurated its inaugural office in Uganda, a landmark step in its strategic expansion across East Africa. This new hub in Kampala ...
Regulatory
Zambia: Airtel Zambia to Compensate Customers Following Prolonged Network Disruption
Airtel Zambia is now facing significant penalties after a widespread network outage on February 2, 2025, left customers without service for over ...
Kenya
Kenya Central Bank Slashes Lending Rate to 10.75%
The Central Bank of Kenya (CBK) has reduced its benchmark lending rate by 50 basis points, lowering it to 10.75%. In an emailed ...
Regulatory
Uganda Arrests Nine Finance Officials Amid $16.87 Million Central Bank Cyber Heist
Ugandan authorities have detained nine Ministry of Finance officials following a sophisticated cyberattack on the Bank of Uganda that resulted in an estimated ...