News
Nigeria: Dollar Strengthens Further Against Naira, Reaches N1,350/$
Once again, the Nigerian naira experienced a decline, reaching N1,350 per dollar in the parallel segment of the foreign exchange (FX) market on ...
News
Foreign Exchange Regulatory Reform (May 29 2023 to April 2024) Implications for Fintechs and other stakeholders.
Doing business in Nigeria is rewarding but can pose significant challenges, particularly concerning foreign exchange (forex) management and repatriation. Whether it’s cross-border e-commerce ...
News
Nigeria: MTN Unveils Meetings+ Platform as It Aims for TechCo Status by 2025
MTN Nigeria is embarking on a profound transformation, with the goal of evolving from a telecommunications company (telco) into a comprehensive technology entity, ...
News
Rwanda: Fintech Surges Ahead as Rwanda’s Premier Growth Sector
Rwanda’s fintech sector has emerged as one of the fastest-growing industries, as highlighted in the 2024 Monetary Policy and Financial Stability Statements report ...
Africa
Nigeria: Olugbenga Agboola Appointed Vice Chair of US-Africa Business Center
In a significant development, Olugbenga Agboola, the founder and CEO of Flutterwave, has been named as the vice chair of the board of ...
News
Nigeria: CBN Reports 19% Decrease in PoS Transactions in Q1 2024
The Central Bank of Nigeria (CBN) has revealed a 19% decline in Point-of-Sale (PoS) transactions in Nigeria during the first quarter (Q1) of ...
News
Nigeria: Moniepoint MFB MD Advocates Hybrid Approach for Financial Inclusion
Babatunde Olofin, the Managing Director of Moniepoint MFB, underscores the pivotal role of microfinance banks in advancing financial inclusion across Nigeria. His remarks ...
News
Nigeria: Capital Market Operators Encourage Enhanced Market Oversight by New SEC Board
Capital market operators have urged the newly appointed board of the Securities and Exchange Commission (SEC) to strengthen its supervisory functions within the ...
News
Nigeria: President Tinubu Greenlights Consumer Credit Initiative to Address Essential Needs and Promote Economic Growth
President Bola Tinubu has given the green light for the commencement of the initial phase of the Consumer Credit Scheme, aimed at providing ...
Africa
Africa: Flutterwave Prepares for IPO with Strategic Overhauls
In anticipation of its Initial Public Offering (IPO), African Fintech Unicorn Flutterwave is strategically repositioning itself with significant changes to its corporate structure. ...