News
Nigeria: Surge in Product Taxes- NBS Reports N1.36tn in First Half of 2023
Despite widespread economic challenges, product taxes in Nigeria soared to N1.36tn during the initial six months of 2023, marking a significant increase of ...
News
Nigeria: Central Bank Borrowing Surges to N12 Trillion as Banks Struggle with Cash Shortage
Recent data reveals a growing reliance on the Central Bank of Nigeria (CBN) for liquidity among commercial and merchant banks. Over the past ...
News
Nigeria Collects N2 Trillion in Taxes from Foreign Tech Giants Google, Facebook, and Others
The federal government of Nigeria has amassed a significant sum of N2 trillion ($2.5 billion) in taxes from foreign companies operating within the ...
News
Nigeria: Telecom Sector Contributes 16.06% to Nigeria’s Q2 2023 GDP, Reports NBS
The telecommunications and information services (telecoms) sector has emerged as the third-highest contributor to Nigeria’s GDP in the second quarter of 2023. This ...
News
Nigeria: Ignorance Identified as Key Factor in the Surge of Cybercrime, Say Experts
Cybersecurity stakeholders have pinpointed ignorance as a significant driver behind the increasing incidents of cybercrime in society. This revelation emerged during the launch ...
News
South Africa’s Inflation Eases to 4.8%, Marking a Two-Year Low
South Africa’s annual inflation rate continued its downward trajectory, reaching a two-year low of 4.8% in July 2023, down from 5.4% in the ...
News
Nigeria: CBN Clarifies no Intention to Resume Weekly Dollar Sales to BDCs
The Central Bank of Nigeria (CBN) has refuted any plans to reintroduce weekly foreign currency sales to Bureau de Change (BDC) operators, following ...
Ghana
Ghana: MTN Explores Lowering Mobile Money Service Fees to Drive Adoption
MTN MobileMoney Limited (MTN MoMo) is actively considering the possibility of decreasing its service fees with the aim of attracting more users and ...
Global
Global: Central Bank of Ireland Alerts Public Regarding Credit Register Oversight
The Central Bank of Ireland has revealed that it unintentionally retained the personal credit histories of numerous individuals for an extended period, potentially ...
Global
Global: Mastercard and Binance to Terminate Crypto-to-Fiat Card Partnership
Mastercard and Binance have announced the discontinuation of their partnership involving four crypto card programs in Argentina, Brazil, Colombia, and Bahrain, effective by ...