Global
Global: China’s Central Bank Increases Oversight on Large Dollar Purchases Amid Yuan Depreciation Pressure
China’s central bank is intensifying its oversight of large dollar purchases by domestic companies, as the Chinese currency faces growing depreciation pressure. Three ...
Africa
Rwanda Aims to Lead AI Research and Development in Africa
Rwanda is gearing up to become a hub for Artificial Intelligence (AI) research and solutions in Africa, with the London-based company, InstaDeep, set ...
News
Nigeria’s Fiscal Deficit Widens to N3.68tn in First Five Months of 2023 – CBN Report
A recently released report by the Central Bank of Nigeria (CBN) reveals that the Federal Government of Nigeria recorded a fiscal deficit of ...
Global
Global: Reserve Bank of India Collaborates with Banks to Enhance Adoption of Central Bank Digital Currency (CBDC)
The Reserve Bank of India (RBI) is actively working with financial institutions to introduce new features aimed at promoting the adoption of the ...
News
Nigerian Banks’ Net Borrowing from CBN Surpasses N1 Trillion Amidst Liquidity Pressures
In August, Nigerian deposit money banks (DMBs) found themselves net borrowers from the central bank, with the total amount reaching a staggering N1 ...
News
Nigerian Innovator Secures Patent for Blockchain-Powered Authentication System
Hyperspace Technologies Limited has achieved a significant milestone by securing a patent for its innovative Multi-Factor Authentication (MFA) system, driven by blockchain technology. ...
Global
Global: Microsoft Introduces Copyright Protection for AI Users
Microsoft has unveiled its Copilot Copyright Commitment, a new initiative aimed at offering legal safeguards to customers utilizing its artificial intelligence (AI) services, ...
Africa
Nigerian and Angolan Currencies Among the Worst Performers in Africa
Despite being top oil producers in Africa, Nigeria and Angola have surprisingly witnessed the worst currency performance year to date, with the Nigerian ...
Global
Global: WhatsApp Introduces ‘Third-party Chats’ to Enable Cross-App Messaging
In a recent update, WhatsApp for Android beta (version 2.23.19.8) has introduced a new feature called “Third-party Chats.” This release closely follows the ...
News
Nigeria: Flutterwave Introduces Swap, a Revolutionary Digital Foreign Currency Exchange Platform in Nigeria
Flutterwave, Africa’s foremost payments technology company, has unveiled “Swap,” an innovative solution that grants Nigerians immediate access to foreign currency at competitive exchange ...