News
Nigeria’s CBN Enforces Approval Requirement for Core Banking System Changes to Minimize Service Disruptions
In response to recent customer frustrations over technological disruptions, the Central Bank of Nigeria (CBN) has issued a new directive mandating that commercial ...
Global
Global: Geidea and tpay Partner to Revolutionize Digital Payments and Boost Financial Inclusion in KSA, Egypt, and UAE
Geidea, a leading financial technology company, has announced a strategic partnership with tpay, the region’s top payment connector, in a landmark effort to ...
Africa
Africa: Orange Middle East and Africa and Mastercard Join Forces to Digitize Payments for Millions Across Africa by 2025
Orange Middle East and Africa (OMEA) has partnered with Mastercard to expand mobile financial services across Sub-Saharan Africa, aiming to empower millions of ...
News
Nigeria: MTN Nigeria Expands Data and Fintech Services Despite Currency Losses and Economic Challenges
MTN Nigeria’s Q3 2024 report reveals robust growth in data and fintech services, despite recording a substantial ₦514.9 billion after-tax loss, largely attributed ...
News
Nigeria: CBN Injects $30m to Support Naira in Forex Market
In a continued effort to stabilize the naira, the Central Bank of Nigeria (CBN) has sold $30 million in foreign exchange to authorized ...
Global
Global: BIS Steps Back from Project mBridge Amid BRICS Sanctions Concerns
The Bank for International Settlements (BIS) announced it has “graduated out” of Project mBridge, the cross-border central bank digital currency (CBDC) initiative it ...
News
Nigeria: MTN Nigeria’s MoMo PSB Boosts Financial Inclusion with New Cross-Border Remittance and Gift Card Services
MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (MoMo PSB), has launched cross-border remittance services, enabling customers in Nigeria to send money easily ...
News
Nigeria: Money Market Rates Decline Amid Stabilized Liquidity Conditions
With liquidity stabilizing in Nigeria’s financial system, money market rates saw further declines as banks’ borrowing from the Central Bank of Nigeria’s (CBN) ...
News
Nigeria: Foreign Investors Rally Behind Nigeria Eurobonds Amid Global Rate Cuts
Nigeria’s Eurobonds are witnessing renewed interest from foreign investors as global central banks, particularly in emerging markets, begin to cut interest rates. With ...
Global
Global: Google Unveils $5.8 Million Investment to Drive AI Skills Development Across Sub-Saharan Africa
In a major move to advance artificial intelligence (AI) skills and empower communities, Google has announced a $5.8 million investment dedicated to AI ...