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CBN orders banks to accept travel documents, refugee ID for transactions
The Central Bank of Nigeria (CBN) has instructed commercial banks and other financial institutions to accept Machine Readable Travel Documents (MRCTD) and Refugee ...
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Banks’ borrowing from CBN falls 98% to N15bn
In apparent reflection of the excess liquidity in the banking system, banks’ borrowing from the Central Bank of Nigeria (CBN) through the Standing ...
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Blockchain Mortgage Platform Figure Launches SPAC to Raise $250M
Michael Cagney, the founder of blockchain lending startup Figure Technologies, wants to set up a special purpose acquisition company (SPAC), Figure announced in ...
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US moves against misuse of cryptocurrencies, to employ new financial technologies
The United States has moved against the misuse of cryptocurrencies, warning about an explosion of risk associated with digital markets, including cryptocurrencies. This ...
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ECB President Christine Lagarde Says ‘It’s out of the Question’ That Central Banks Would Hold Bitcoin
The president of the European Central Bank (ECB), Christine Lagarde, has clarified whether central banks will start holding bitcoin now that a growing ...
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African Mbira Chat messaging app launched
Think Tech Team, the creators of ridesharing app, Afri Ride, has announced the launch of Mbira Chat, a new multi-purpose messaging app service ...
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Recent bitcoin rally is ‘speculative mania,’ Bank of Canada warns
A Bank of Canada official is delivering a detailed defence of why the central bank should issue a “digital loonie” instead of ceding control to ...
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Daystar plans to raise $100m for West African solar projects
Daystar Power, a West Africa hybrid solar power solutions provider, intends to raise about $100 million within the next three years to satisfy ...
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ETI appoints Hervé Assah as Independent Non-Executive Director
The Board of Directors of Ecobank Transnational Incorporated (ETI), has announced the appointment of Mr. Hervé S. Assah, as Independent Non-Executive Director of ...
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Solarise Africa Expands Footprint to Rwanda, Zambia and Uganda
Solarise Africa is set to expand to three new countries in Africa after signing a partnership agreement with Centennial Generating Co. This partnership ...