News
Nigeria’s NICTIB Project Drives Rural Financial Inclusion, but Inter-Bank Transfers Remain a Challenge
The Nigeria National Information and Communication Technology Infrastructure Backbone (NICTIB) Project has been instrumental in advancing financial inclusion in rural communities across Nigeria ...
News
Nigeria: Experts Warn CBN Against Further MPR Increase, Advocate for Low-Interest Rates
Financial experts have issued a cautionary warning to the Central Bank of Nigeria (CBN) against raising the Monetary Policy Rate (MPR) further to ...
News
Nigerian Government Plans Tax Streamlining, Renames FIRS to Nigeria Revenue Service
The Federal government of Nigeria aims to enhance ease of doing business, transparency, and efficiency in revenue collection by reducing the number of ...
Kenya
Kenya and China Pledge to Strengthen Cooperation for Economic Growth
Kenya is determined to bolster its partnership with China to drive economic growth and development in the country. President William Ruto emphasized the ...
News
Nigeria: Widening Divergence between Official and Black Market Exchange Rates Raises Concerns in Nigeria
Nigeria is grappling with a significant gap between its official exchange rate and the rates in the parallel market, with the Naira inching ...
Africa
African Development Bank (AfDB) and Asian Development Bank Agree on $1 Billion Exposure Exchange
The African Development Bank (AfDB) has secured approval from its Board of Directors for a significant exposure exchange agreement worth $1 billion with ...
News
Nigeria: NCC to Address Telecom Operators on Poor Coverage in North-Eastern Nigeria
The Nigerian Communications Commission (NCC) has announced its plan to write to telecom operators to address the issue of inadequate network coverage in ...
Kenya
Kenya: Fitch Downgrades Kenya’s Rating to Negative Amid High Debt Repayment Concerns
Global credit rating firm Fitch has downgraded Kenya’s rating from stable to negative, citing concerns over the country’s elevated debt repayment obligations. In ...
Ghana
Ghana: Inlaks implements Temenos core banking solution for First National Bank
Inlaks, a leading ICT infrastructure and systems integrator in Sub-Saharan Africa has successfully implemented Temenos Transact for First National Bank (FNB), Ghana. Temenos ...
Global
Global: Federal Reserve Board fines Deutsche Bank with $186m over AML failures
The Federal Reserve Board has issued a $186m (£145m) fine to Deutsche Bank AG and its New York branch over failures to comply with AML regulations. According ...
