Intelligence
Nigeria: MTN loses 7.5m subscribers over SIM card regulations, pays N73.3b tax in H1
The Federal Government of Nigeria’s Subscriber Identification Module (SIM) card regulation has cut off about 7.5 million subscribers year-on-year (YoY) for the quarter ...
Global
Blockchain can reduce costs in cross-border settlement – Juniper research
A new report from Juniper Research has found that deployment of blockchain for cross-border settlement will drive increasingly significant cost savings for banks. This can ...
Intelligence
Nigeria’s private sector borrowing hits record high of N33.8 trillion
Nigeria’s credit to the private sector ballooned to another all-time high of N33.8 trillion as of September 2021. This is according to data ...
Ghana
Ghana: Market Conditions Stop Eurobond Plan, Local Bond Yields Peak
Ghana’s effective loss of access to international markets increases risks to its ability to meet medium-term financing needs, says Fitch Ratings. The government ...
Intelligence
Nigeria: Fake N1000, N500 notes declined in 2020 – CBN
The Central Bank of Nigeria (CBN) says the faking of higher denomination banknotes in Nigeria dropped 20.80 per cent in volume and 12.18 per cent ...
Global
India: Five years after note ban, cash in use now at record 14.5% of GDP
The ratio of India’s currency in circulation as a proportion of GDP touched a new high of 14.5% for fiscal 2020-21. The surge ...
Global
IDC reports digital payments will grow 162% in Southeast Asia by 2025
US-based research company IDC has released a report commissioned by Singapore-based 2C2P, showing that ecommerce spending will reach USD 179.8 billion by 2025 in Southeast Asia. ...
Intelligence
Nigeria: CBN disbursed N145 billion under its non-oil export stimulation facility
The Central Bank of Nigeria has disbursed a total of N145.99 billion under its Non-Oil Export Stimulation Facility (NESF). This was disclosed in the CENTRAL BANK ...
Intelligence
Nigerian banks closed 234 branches, 649 ATMs — IMF
The International Monetary Fund, IMF, yesterday, said that Nigerian banks closed 234 branches and 649 Automated Teller Machines, ATMs, in 2020 leading to ...
Global
Hamilton Reserve Bank and authID.ai announce authentication solution
Saint Kitts and Nevis-based Hamilton Reserve Bank has deployed US-based authID.ai’s Identity-as-a-Service (IDaaS) platform. HRB has integrated Verified, authID.ai’s biometric multi-factor cloud-based authentication product that offers ...
