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Nigeria: NDIC Explains Delays in Refunds to Some Heritage Bank Depositors
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, revealed that certain insured depositors of the now-defunct Heritage Bank ...
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Nigeria: Accion Microfinance Bank and CrediCorp Collaborate to Launch Nationwide Consumer Credit Program for Middle-Income Nigerians
Accion Microfinance Bank (MfB) has joined forces with CrediCorp to introduce a consumer credit program designed to provide affordable loans to over 15,000 ...
Global
Global: Worldpay Strengthens Blockchain Infrastructure by Becoming a Validator
Worldpay is making significant strides towards enhancing its involvement in blockchain technology by entering discussions with various blockchains to become a validator, responsible ...
Global
Global: Oman’s CBO Implements Initiatives to Strengthen Monetary and Financial Landscape
The Central Bank of Oman (CBO) is driving several initiatives aimed at bolstering the country’s financial sector in collaboration with key stakeholders. According ...
Global
India Eyes Africa to Build a Digital Payment System by 2027
India is looking to expand its influence in Africa’s burgeoning digital payments market through its Unified Payments Interface (UPI) system. The National Payments ...
News
Nigerians Spent N89.5 Trillion via E-Payment Channels in July 2024, NIBSS Reports
The Nigeria Inter-Bank Settlement Systems (NIBSS) has reported that Nigerians conducted electronic transactions worth N89.5 trillion in July 2024, setting a new record ...
Global
Global: First Abu Dhabi Bank Completes Pilot for Programmable Payments Using JPM Coin
First Abu Dhabi Bank (FAB) has successfully concluded a pilot program leveraging programmable payments via JPM Coin, a digital currency developed through J.P. ...
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Nigeria: CBN Increases Interest Rate to 27.25% to Tackle Rising Inflation
The Central Bank of Nigeria (CBN) has raised its Monetary Policy Rate (MPR) to 27.25%, up from 26.75%, in a bid to control ...
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Ethiopia: Ethio Telecom in Talks with Chinese Firm for Hyperscale Data Centre Development
Ethio Telecom is in discussions with a Chinese firm to develop a hyperscale data centre as part of its efforts to bolster Ethiopia’s ...
News
NFIU Director Calls on Judiciary to Prioritize Money Laundering Case Adjudication
The Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), Mrs. Hafsat Abubakar Bakari, has called on the judiciary to prioritise the ...