News
Nigeria’s Debt Servicing Hits $2.2bn in Five Months – CBN Reports
Data from the Central Bank of Nigeria (CBN) has revealed that Nigeria’s debt servicing reached approximately $2.2 billion in the first five months ...
News
Nigeria: Bank Recapitalization to Boost Capital Market, Says ASHON Chair
Sam Onukwue, Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON), has stated that the newly proposed capital requirements for banks ...
News
Tanzania: Access Bank Completes Acquisition of BancABC Tanzania
Access Bank Plc has announced the successful acquisition of African Banking Corporation (Tanzania) Limited, commonly known as BancABC Tanzania, aligning with its strategic ...
News
Nigeria: Wema Bank Enhances Security with Facial Recognition Technology After ₦685 Million Fraud Loss
Wema Bank, a leading Nigerian financial institution, has partnered with Daon, a global digital identity trust company, to implement advanced facial recognition technology ...
Africa
Africa: American Express and Ecobank Group Expand Card Acceptance Across 21 Sub-Saharan African Countries
American Express and the Ecobank Group, a leading pan-African financial services entity, have announced a significant partnership to expand American Express Card acceptance ...
News
Nigeria: Experts Call for Government Support to Sustain Telecom Sector
In light of recent financial losses reported by telecommunications companies listed on the Nigerian Exchange Limited (NGX), economic experts and stakeholders are raising ...
News
Nigeria’s FX Reserve Rises to $32.8bn After 10-Week Decline
After a 10-week decline amounting to $1.8 billion, Nigeria’s foreign exchange reserve has begun to recover, showing a steady increase over the past ...
Global
Global: Revolut Introduces Enhanced In-App Verification to Combat Mobile Theft
Revolut has introduced an additional in-app identity verification feature designed to safeguard customers who have had their unlocked phones stolen or whose password ...
News
Nigeria: CBN Supervision in Financial Sector’s Best Interest, Say Bank Directors
The Bank Directors’ Association of Nigeria (BDAN) has expressed confidence that the Central Bank of Nigeria’s (CBN) decision to revoke the license of ...
News
Nigeria: World Bank Highlights Fintechs as Crucial to Bridging Nigeria’s Financial Inclusion Gap
Fintech companies can significantly improve financial inclusion in Nigeria by leveraging mobile money, digital payment platforms, and digital wallets to reach underserved populations, ...
