News
Nigeria: MTN Group Inks Agreement to Sell Fintech Arm to Mastercard
Amidst challenging economic conditions and escalating competition across its key markets, MTN Group has entered into a memorandum of understanding with Mastercard to ...
News
Nigeria: NIRSAL MfB Records 2.50% Profit Decline, Reports N2.142 Billion Profit
Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending Plc’s (NIRSAL) microfinance bank subsidiary witnessed a 2.50% decline in its annual profit for the year ...
Global
Global: Bank of Canada Paper Raises Doubts About CBDC’s Value
A Bank of Canada discussion paper has raised questions about the practicality of introducing a central bank digital currency (CBDC) to address unmet ...
News
Nigeria: Naira’s Value Decline Persists Amid Dollar Shortage in Banks
The growing disparity between the demand and availability of the US dollar in both banks and the parallel market has led to further ...
News
Senegal Forges Ahead with National Data Strategy to Empower Digital Future
In a resolute stride towards digital sovereignty, the Senegalese government is meticulously crafting a National Data Strategy, poised to address the nation’s paramount ...
News
Nigeria: FSD Africa and NAICOM Forge Stronger Ties to Advance Training and Innovation
The collaboration between Financial Sector Deepening Africa (FSD Africa) and the National Insurance Commission (NAICOM) marks a significant stride in fostering growth and ...
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Nigeria: Telecom Spending Reaches N3.86tn Due to Increased Video Streaming and Calls, Reports NCC
The amount spent on telecom services in Nigeria reached N3.86tn in 2022, primarily driven by heightened video streaming and talk time, as stated ...
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Nigeria: CBN Acting Governor Highlights Diversion of Diaspora Remittances as Cause of Naira Depreciation
The Central Bank of Nigeria (CBN) has identified the diversion of diaspora remittances to unofficial markets, particularly the parallel market, as a key ...
Global
Global: AI-Driven Conversational Payments and Seamless Credit with UPI -India’s Vision
The Reserve Bank of India (RBI) has unveiled an array of innovative fintech initiatives, including the integration of AI-powered “conversational” payments into India’s ...
News
Nigeria: CBN Attributes Naira’s Decline to Diversion of Diaspora Remittances
The Central Bank of Nigeria (CBN) has linked the rapid depreciation of the naira against the dollar to the redirection of remittances from ...