News
In 2020, Nigerians traded more than $400m worth of crypto on local crypto exchange platforms
Bitcoin, the once frowned-upon commodity, has passed the $35,000 mark in an all-time high– and is currently trading comfortably in that region. Since ...
News
Orange Bank acquires French neo bank Anytime
Orange Bank has acquired french neo bank, Anytime, extending its app-based services to the freelance and SME market. The acquisition gives the telco ...
News
Access Bank completes acquisition of Zambian Cavmont Bank Ltd
Access Bank Plc has announced that its Zambian subsidiary (Access Bank, Zambia) has completed the acquisition of Cavmont Bank Limited, following the fulfilment ...
News
Kyrgyzstan Central Bank Is Set to Introduce Bills to Monitor Crypto Exchanges Activities and Forcing Them to Apply for Permits
The National Bank of the Kyrgyz Republic (NBKR) revealed its new-year plans for the national crypto industry. They are about to introduce two ...
News
World Bank sees 2.7% economic growth for sub-Saharan Africa
Sub-Saharan Africa is forecast to experience economic growth of 2.7 per cent in 2021 as it rebounds from its first recession in 25 ...
News
PayPal Ventures Joins Divvy’s $165 Million Funding Round
Divvy, which offers a platform for tracking business expenses, has raised $165 million in a funding round that includes PayPal Ventures as a ...
News
The US Dollar’s Share of Global Reserve Currencies Drops as Japanese Yen’s Share Increase
The U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in ...
News
CBN Injected $4.37bn into Foreign Exchange Market in 3 Months
The Central Bank of Nigeria has disclosed in its third quarter economic report, that it injected $4.37bn into the foreign exchange market in ...
News
Nneka Onyeali-Ikpe assumes role as Fidelity Bank CEO
Mrs Nneka Onyeali-Ikpe has formally assumed her role as the Chief Executive Officer of Fidelity Bank Plc. She will also become the first ...
News
AFC secures $250 million capital loan from International Development Finance Corporation
Africa Finance Corporation (AFC) announced that it has successfully secured a $250 million tier-2 capital loan from U.S. International Development Finance Corporation (DFC). ...