Africa
Africa: PAPSS targets full African coverage as cross-border transactions surge
The Pan-African Payment and Settlement System (PAPSS) is targeting full continental coverage within the next five years as it moves into a new ...
Africa
African businesses lose billions to costly cross-border payments
African businesses operating across borders continue to face significant financial and operational costs from opaque foreign exchange spreads, lengthy correspondent banking processes and ...
Ghana
Ghana: MoMAG urges MoMo agents to diversify as digital payments reshape Ghana’s financial sector
The Mobile Money Advocacy Group Ghana (MoMAG) has urged Mobile Money (MoMo) agents across the country to diversify their businesses as technological innovation ...
News
Nigeria: Financial sector growth slows to 9.29% despite N5.3tn recapitalisation
Growth in Nigeria’s banking and insurance sectors slowed to 9.29 per cent in real terms in the second quarter of 2026, despite more ...
News
Nigeria: Fix financial fragility before seeking external funds – NIGCOMSAT boss
Heads of public institutions must strengthen their financial management and establish institutional credibility before seeking additional funding for reforms, Managing Director and Chief ...
Africa
Africa: AU to launch African Credit Rating Agency on October 7
The African Union (AU) is set to launch the African Credit Rating Agency (AfCRA) on October 7, 2026, in Port Louis, Mauritius, where ...
News
Nigeria: Telecom now backbone of Nigeria’s digital economy, says Ndukwe
The GSM revolution has evolved into a critical pillar of Nigeria’s economic development, enabling growth across banking, commerce, education, healthcare and digital payments, ...
News
Nigeria: Finance, insurance sector growth slows to 9.29% despite recapitalisation
Nigeria’s finance and insurance sector expanded by 9.29 per cent in real terms in the second quarter of 2026, marking a significant moderation ...
News
Nigeria’s FX turnover plunges to $2.71bn in one week
Foreign exchange turnover in Nigeria’s official market fell by 48.7 per cent week-on-week to $2.71 billion in the week ended August 28, 2026, ...
News
Nigeria: Takaful Could Help Expand Nigeria’s Insurance Market – NAICOM
The National Insurance Commission (NAICOM) has identified Takaful as a potential driver of insurance penetration, financial inclusion and sustainable economic development in Nigeria. ...