News
South Africa’s Inflation Eases to 4.8%, Marking a Two-Year Low
South Africa’s annual inflation rate continued its downward trajectory, reaching a two-year low of 4.8% in July 2023, down from 5.4% in the ...
News
Nigeria: CBN Clarifies no Intention to Resume Weekly Dollar Sales to BDCs
The Central Bank of Nigeria (CBN) has refuted any plans to reintroduce weekly foreign currency sales to Bureau de Change (BDC) operators, following ...
Ghana
Ghana: MTN Explores Lowering Mobile Money Service Fees to Drive Adoption
MTN MobileMoney Limited (MTN MoMo) is actively considering the possibility of decreasing its service fees with the aim of attracting more users and ...
Global
Global: Central Bank of Ireland Alerts Public Regarding Credit Register Oversight
The Central Bank of Ireland has revealed that it unintentionally retained the personal credit histories of numerous individuals for an extended period, potentially ...
Global
Global: Mastercard and Binance to Terminate Crypto-to-Fiat Card Partnership
Mastercard and Binance have announced the discontinuation of their partnership involving four crypto card programs in Argentina, Brazil, Colombia, and Bahrain, effective by ...
News
Nigeria Secures $500 Million to Boost Local Digital Economy Funding
The Nigerian federal government has successfully secured access to approximately $500 million in funding to establish a local funding initiative aimed at bolstering ...
News
Nigeria: CBN Challenges JP Morgan’s $3.7 Billion FX Reserve Estimate for Nigeria
The Central Bank of Nigeria (CBN) has criticized JP Morgan’s recent assessment of Nigeria’s foreign exchange reserves, deeming it inaccurate. Hassan Mahmud, Director ...
Global
Global: Spanish Central Bank Official Explores Coexistence of Digital Euro and Private Payment Services
Margarita Delgado, Deputy Governor of the Bank of Spain, engaged with university students and audiences in Pamplona on August 25, delving into the ...
News
Nigeria: Over 25.93 Billion Text Messages Exchanged by Nigerians in 2022, NCC Reports
The Nigerian Communications Commission (NCC) has revealed that Nigerians and telecom consumers within the country exchanged a staggering 25.93 billion text messages locally ...
News
Nigeria: Foreign Investment in Nigeria’s Telecom Sector Drops 46.9% to $399 Million in 2022
The Nigerian telecommunications industry attracted $399.9 million in foreign direct investment (FDI) during 2022, as revealed by data from the Nigerian Communications Commission ...