News
Nigeria: IMF to support Nigeria as naira appreciates to N663/$
The naira traded at 663.04/dollar at the close of business on Friday (June 16, 2023) after a free fall following the Central Bank ...
News
Zimbabwe Stops Foreign Currency Borrowing
Amidst weakening local currency, Zimbabwe’s President Emmerson Mnangagwa has ordered the central bank to stop foreign currency borrowing, as the government battles to ...
Global
Global: Meta Platforms’ Instagram Expands Broadcast Channels Globally
Instagram is taking its Broadcast Channels feature global to provide creators with a new way of connecting with their followers on a larger ...
Global
Global: Colombian central bank partners Ripple for blockchain pilot
Colombia’s central bank is testing how Ripple’s new end-to-end CBDC platform could help boost the country’s high-value payment system. Banco de la República, ...
Global
Global: Saudi Arabia welcomes open banking
Bank Abilad has become the first financial institution in Saudi Arabia to offer open banking services The bank has completed the necessary technical ...
Global
Global: BIS and Bank of England complete CBDC project
A pilot project involving central bank digital currencies (CBDCs) jointly run by the Bank of England (BoE) and the Bank of International Settlements ...
News
Nigeria’s inflation climbs to 22.41%
Nigeria’s annual inflation rate rose to 22.41 per cent in May, the National Bureau of Statistics (NBS) has said. The bureau disclosed this ...
News
Nigeria: Naira weakens to 702/$, CBN fresh FX supply likely
The naira traded at 702.19/dollar at the close of business on Thursday (June 15, 2023), as the Central Bank of Nigeria has allowed ...
Africa
Lesotho: Revenue Service Lesotho (RSL) Launches e-payment, e-taxation platforms
The Revenue Service Lesotho launched e-payment and e-taxation which gives the clientele a platform to pay taxes online and e-file their tax returns. ...
News
Nigeria: IMF Advocates 5 Priority Policy Options For Nigeria
The International Monetary Fund (IMF) has highlighted five priority policy options for fostering financial inclusion in Africa’s biggest economy. They are further increase ...
