News
Nigeria: Naira Strengthens in FX Market Amidst CBN’s Absence in Intervention
The Nigerian local currency has experienced a surge in the foreign exchange market at the beginning of this week, driven by the announcement ...
Mozambique
Mozambique: Changes in ATM Accessibility Raise Concerns among Banking Customers
Maputo — Mozambican commercial banks have stirred concerns among their customers as they reduce the availability of ATMs, making cash withdrawals more challenging. ...
Africa
Africa’s Growth to Accelerate in 2024 Amid Global Slowdown-UN Report
Africa is set to experience a slight growth boost, with projections indicating an increase in the growth rate from 3.3% in 2023 to ...
News
Nigeria Set to Introduce cNGN Stablecoin on February 27
A collaboration of Nigerian financial institutions, fintech companies, and blockchain experts known as the Africa Stablecoin Consortium has announced the upcoming launch of ...
Ghana
Ghana: Ecobank Ghana Names Mrs. Abena Osei-Poku as Managing Director
Ecobank Ghana has announced the appointment of Mrs. Abena Osei-Poku as its new Managing Director and Regional Executive for the Anglophone West Africa ...
Nigeria
Nigeria: CBN Releases Updated Guidelines for Cryptocurrency Operations
The Central Bank of Nigeria (CBN) has issued new guidelines on the regulation of bank accounts for Virtual Assets Service Providers (VASPs), commonly ...
News
Nigeria: Increase in Bank Borrowings from CBN Signals Liquidity Challenges, Hits N19.8tn
Throughout 2023, commercial and merchant banks in Nigeria experienced a notable surge in their dependence on liquidity provided by the Central Bank of ...
Nigeria
Nigeria: Funding Challenges Hit Nigerian Startups as Investors Exercise Caution
The Nigerian startup ecosystem faced a rollercoaster of challenges and successes in 2023, with funding becoming a critical factor influencing their trajectory. Investors, ...
Nigeria
Nigeria: EFCC Freezes N30 Billion Linked to NSIPA Moved to Private Accounts
The Economic and Financial Crimes Commission (EFCC) has taken action in an ongoing investigation, freezing N30 billion of the N44 billion traced from ...
Africa
Africa: World Bank Advocates Diaspora Consultation for Successful Bond Issuance
The World Bank has underscored the importance of consulting with citizens living in the diaspora before issuing diaspora bonds to enhance their success ...