Ghana
Bank of Ghana Approves RightCard for Remittance Services to Ghana
RightCard Payment Services Limited, also known as LemFi, has received official approval from the Bank of Ghana (BoG) to resume its remittance services ...
Nigeria
Nigeria: CBN Governor Foresees Mobile Money and Digital Lending Driving Service Sector Growth in 2024
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), anticipates that mobile money and digital lending will serve as catalysts for ...
Nigeria
Nigerian Government Expands Technological Deployment to Enhance Public Infrastructure Efficiency
The Federal Government of Nigeria has unveiled new avenues for technological deployment aimed at enhancing efficiency across various sectors within the country. Minister ...
Nigeria
Nigeria: Central Bank of Nigeria Governor Discloses $2.4 Billion FX Backlog Comprised of Non-Existing Entities and Infractions
Dr. Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), revealed that a substantial portion of the $7 billion foreign exchange ...
Nigeria
Nigeria: CBN Refutes Claims of Converting Domiciliary Accounts to Naira
The Central Bank of Nigeria (CBN) has categorically denied any plans to convert US dollar domiciliary accounts into naira, as indicated in a ...
Nigeria
Nigeria: CBN’s Reversal on Daily CRR Deductions Brings Relief to Banks
In a significant move that is being hailed as a positive development for banks, the Central Bank of Nigeria (CBN) has reverted to ...
Nigeria
Nigeria: CBN Eliminates Restrictions on Exchange Rate Quotes by IMTOs
The Central Bank of Nigeria (CBN) has taken a significant step in its commitment to liberalize the Nigerian foreign exchange market by removing ...
Nigeria
Nigeria: CBN Sets $1 Million Minimum Capital Requirement for International Money Transfer Operators
The Central Bank of Nigeria (CBN) has established a minimum share capital requirement of $1 million for International Money Transfer Operators (IMTOs) operating ...
Regulatory
Global: EU Member States Approve Milestone AI Act in Landmark Decision
The European Union has achieved a significant milestone in the regulation of artificial intelligence (AI), as all 27 member states voted to approve ...
Regulatory
Global: Bank of England Maintains 5.25% Interest Rate, Awaits Further Inflation Clarity
For the fourth consecutive meeting, the Bank of England has opted to keep the interest rates steady at 5.25%, citing the need for ...