News
Nigeria: CBN Spends $543 Million to Stabilize Naira Amid Market Volatility
The Central Bank of Nigeria (CBN) disclosed that it sold $543.5 million to authorized dealer local deposit money banks (DMBs) between September 6 ...
News
Nigeria: Insurance Industry Urged to Embrace Artificial Intelligence for Enhanced Efficiency
The President of the Chartered Insurance Institute of Nigeria (CIIN), Yetunde Ilori, has called on stakeholders in the insurance sector to adopt artificial ...
Global
Global: Visa Unveils Platform to Enable Banks to Issue Fiat-Backed Tokens
Visa has launched the Visa Tokenised Asset Platform (VTAP), a platform designed to enable financial institutions to mint, burn, and transfer fiat-backed tokens, ...
Global
Global: Brazil Explores DeFi Elements in Drex CBDC Pilot to Enhance Decentralization, Privacy, and Programmability
Brazil’s central bank is pushing the boundaries of traditional finance by incorporating decentralized finance (DeFi) principles into the development of its synthetic central ...
News
Nigeria: NIMC Shifts NIN Data Modification to Online Portal, Ends Physical Centre Services
The National Identity Management Commission (NIMC) has announced the closure of all data modification services at its National Identification Number (NIN) enrollment centres ...
Africa
Africa: Orabank Partners with Network International to Drive Digital Payment Innovation in Francophone Africa
Orabank Group, the largest banking institution in Francophone Africa, has strengthened its strategic partnership with Network International, a leading provider of digital commerce ...
News
Nigeria: Recapitalisation Set to Boost Nigeria’s Private Sector Credit Beyond 13% – FCMB MD
Managing Director of First City Monument Bank (FCMB), Yemisi Edun, has highlighted that the ongoing recapitalisation of Nigerian banks is poised to significantly ...
Global
Global: Meta Partners with UK Banks in Data-Sharing Programme to Combat Scammers
Meta, the parent company of Facebook, Instagram, and WhatsApp, has launched the Fraud Intelligence Reciprocal Exchange (FIRE) programme, allowing UK banks to directly ...
News
Nigeria: Polaris Bank Recognized as Nigeria’s Leading Bank in MSME Lending
Polaris Bank, one of Nigeria’s foremost digital retail commercial banks, has been named the top bank in lending to Micro, Small, and Medium ...
News
Nigeria: PalmPay Expands Access to Financial Services with New USSD Code
PalmPay, a leading financial technology platform, has launched a new USSD code to improve access to financial services for users across Nigeria. In ...
