News
Nigeria: N5 trillion worth of Sharia-compliant products to hit capital market by 2025
50 Sharia-compliant products with a market capitalisation of N5 trillion are expected to be listed between now and 2025. This is in line ...
News
Nigeria: CBN warns banks, payment service providers others against discrimination of payment cards
The Central Bank of Nigeria (CBN) has cautioned banks, switching companies, and other relevant parties in the Nigerian payment system against discrimination between ...
Africa
Africa: Nigeria, others recorded $95.6b diaspora remittances in 2021, says AfDB
As Nigeria and other African countries continue to explore alternative sources of revenues to meet developmental challenges, President of the African Development Bank ...
Kenya
Kenya: Ecobank on the spot over Sh4bn fraud suit
Ecobank is on the spot over a Sh4 billion fraud case involving an online payment company that had been linked to an international ...
Ghana
Ghana: BoG doubles down on crypto cautionary stance; leaves door open for product dev’t, future regulatory framework
The Bank of Ghana (BoG) has reiterated its cautionary stance to institutions it licences as well as the wider public on the use ...
Ghana
Ghana: S&P Global downgrades Ghana to ‘CC’ from ‘CCC-plus’ with default a ‘virtual certainty’
A Reuters report has stated that a rating agency, S&P Global has downgraded Ghana’s long-term local currency bonds to “selective default”. According to ...
Global
Global: Bank of England set to raise rates to 3.5% after inflation hits 41-year high
The Bank of England looks set to raise interest rates to 3.5% or more next week, but policymakers appear increasingly split on how ...
Africa
Africa Climate Change Fund launches Women and Youth Entrepreneurship Project
The Africa Climate Change Fund (ACCF) Secretariat has launched a scheme to support mechanisms for climate adaptation finance for women entrepreneurs and youth. ...
Ghana
Ghana: Bank of Ghana upgrades one cedi coin
The Bank of Ghana (BoG) has upgraded the GH₵1 coin with enhanced security features. “The Bank will issue the upgraded GH₵1 coin into ...
Global
Global: China’s clearing and settlement service is no substitute for global Swift system- BIS head Carstens:
As the yuan is now the world’s fifth most used currency for payments by value, the Chinese central bank clearing system is playing ...
