News
Global: Revolut Secures UK Trading Licence, Expands Investment Offerings
Revolut has transitioned from operating as an Appointed Representative to becoming an authorised investment firm with its own UK trading licence. Since 2019, ...
News
Nigeria: CBN Warns Banks Against Aiding Naira Hawking, Threatens Sanctions
The Central Bank of Nigeria (CBN) has announced its resolve to impose severe penalties on Deposit Money Banks (DMBs) found facilitating the hawking ...
News
Nigeria: UBA Appoints Henrietta Ugboh as Independent Non-Executive Director
United Bank for Africa Plc (UBA) has announced the appointment of Henrietta Ngozi Ugboh as an independent non-executive director, effective 31 October 2024. ...
News
Zambia: Natsave and Airtel Money Unveil Fikiliza Overdraft to Advance Financial Inclusion in Zambia
Airtel Money users in Zambia now have access to an instant overdraft facility through the newly launched Fikiliza service, thanks to a collaboration ...
Global
Global: Access Bank UK Acquires Majority Stake in Mauritius’ Afrasia Bank
Access Holdings Plc has announced a significant milestone in its Pan-African expansion strategy. Its UK subsidiary, Access Bank UK, has entered into a ...
News
Africa: UBA and Mastercard Unveil Special Debit Card with Exclusive Benefits for 75th Anniversary
In celebration of its 75th anniversary, United Bank for Africa (UBA) Plc has partnered with Mastercard to introduce a special commemorative debit card, ...
News
Nigeria: 28 Million Nigerians Remain Unbanked, Despite CBN’s Financial Inclusion Gains
The Central Bank of Nigeria (CBN) reported yesterday that over 28 million Nigerians still lack access to formal financial products and services, even ...
News
Nigeria: Federal Government to Begin Clearing Pension Backlog Next Week – Finance Minister Edun
The Federal Government of Nigeria will begin addressing the backlog of pension payments under the Contributory Pension Scheme (CPS) next week, according to ...
News
Nigeria: Naira Drops to N1,690/$ as FX Market Intervention Declines
The Nigerian naira fell further against the US dollar in the autonomous foreign exchange (FX) market, reaching approximately N1,690 per dollar on Tuesday. ...
News
Nigeria’s Money Supply Surges to N108.95 Trillion
Recent data from the Central Bank of Nigeria (CBN) reveals a sharp year-on-year rise in the country’s broad money supply (M3), which grew ...