News
Nigeria: MTN MoMo PSB Reports 5.3 Million Active Wallet Users in 2023
MTN Nigeria has announced that its MoMo Payment Service Bank (PSB) achieved a milestone with 5.3 million active wallet users on its platform ...
News
Nigeria: CBN’s N1.053 Trillion OMO Bills Oversubscribed as Investors Show Strong Interest
The Central Bank of Nigeria (CBN) has successfully completed the sale of government securities, issuing N1.053 trillion (equivalent to 680 million dollars) in ...
News
Nigeria: CBN Attracts $530 Million in N1 Trillion Treasury Bill Sale from Foreign Portfolio Investors
In a Treasury bill sale held on Friday, the Central Bank of Nigeria (CBN) successfully attracted $530 million from Foreign Portfolio Investors (FPIs) ...
News
Nigeria: NITDA Reveals Second Phase of e-Government Master Plan for Enhanced Digital Services
The National Information Technology Development Agency (NITDA) has introduced the second phase of Nigeria’s e-Government Master Plan, aimed at fostering transparency in governance ...
News
Nigeria: Federal Government Implements Measures to Combat Inflation as CBN Undertakes N5 Trillion Cash Mop-Up
The Federal Government’s concerted efforts to mitigate the rising inflationary pressures entail the Central Bank of Nigeria (CBN) executing a significant cash mop-up ...
News
Nigeria: CBN Announces N1.64 Trillion Treasury Bill Offering for Q2 2024
The Central Bank of Nigeria (CBN) has disclosed its intention to conduct the sale of treasury bills amounting to N1.64 trillion during the ...
News
Nigeria: CBN Governor Explains Interest Rate Hike Amid Inflationary Pressures
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), clarified the recent increase in interest rates, citing it as a response ...
News
Nigeria: FX Debt Cleared in Most Banks, Only Five Still Outstanding -CBN Governor:
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), announced that the backlog of foreign exchange (FX) debt in most Nigerian ...
Africa
Africa: KCB Bank and Mastercard Ink Five-Year Partnership to Streamline Digital Payments Across East Africa
Mastercard Incorporated (MA) has recently entered into a strategic collaboration with KCB Bank, a prominent financial institution in Kenya, to provide a comprehensive ...
Global
Global: G20 Streamlines Cross-Border Payments Roadmap with Updated Priorities
In 2020, the G20 leaders endorsed a roadmap aimed at enhancing cross-border payment experiences and infrastructure. As we approach the halfway mark of ...