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 ...
Global
Stablecoins, CBDCs may not resolve financial inclusion, international remittance challenges – BIS Report
Stablecoins and central bank digital currencies (CBDCs) may not live up to their promise of increasing financial inclusion and improving cross-border payments in emerging markets, according ...
Intelligence
Nigeria’s 24.2% Adoption Rating Is the Highest Rate of Crypto Ownership Globally – Finder Survey
According to the latest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%. Bitcoin ...
Intelligence
Kenya: Women Dominate Kenya’s e-Commerce Space at 51% – Jumia Africa
Women have dominated the e-commerce sector in Kenya, standing at 51 percent, Jumia Africa has revealed in their report dubbed ‘Africa E-commerce Index ...
Intelligence
Nigeria: UBA’s nine-month profit jumps 36% to N105bn on higher income from term loans
The bank’s gross earnings rose 7.9 per cent to N490.3 billion. United Bank for Africa (UBA), between January and September, reported N104.6 billion in ...
