News
Nigeria: PalmPay Expands Financial Access with Launch of USSD Code for Offline Transactions
PalmPay, a leading fintech company in Nigeria, has announced the launch of a new USSD code, aimed at expanding access to financial services ...
News
Nigeria: Naira Shows Mixed Performance as CBN Boosts FX Liquidity and Clears Forward Contracts
In a significant turn of events, the Nigerian naira displayed a mixed performance against the US dollar in the foreign exchange (FX) market. ...
Global
Global: Circle Teams Up with Sony’s Blockchain Lab to Boost USDC Adoption
Stablecoin issuer Circle has announced a strategic partnership with Sony Block Solutions Labs to expand the use of its stablecoin, USDC, on Sony’s ...
News
Nigerian Banks Borrow N3tn from CBN in One Week – Afrinvest Report
Nigerian banks and discount houses borrowed a total of N3 trillion from the Central Bank of Nigeria (CBN) through the Standing Lending Facility ...
News
Nigeria: Stock Market Rebounds as Zenith and GTBank Drive Banking Index Performance
The equities market experienced a resurgence last week, buoyed by the positive half-year (H1’24) results reported by Zenith Bank Plc and GTBank Plc, ...
News
Nigeria: Access Corp and MTN Nigeria Propel Equity Market to N607 Billion Gain
The Nigerian equity market experienced a notable surge last week, gaining N607 billion in market capitalization, largely driven by strong buying interest in ...
Kenya
Kenya: Safaricom Expands Payment Options with Visa Payment Facilitator Certification
Safaricom has received a Payment Facilitator Certificate from Visa, further strengthening its partnership and expanding its payment acceptance models. This collaboration follows the ...
News
SA: Fitch Affirms South Africa at ‘BB-‘ with Stable Outlook
Fitch Ratings has reaffirmed South Africa’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-‘, maintaining a Stable Outlook in its latest creditworthiness assessment. ...
News
Nigeria Ranked in Tier 3 of Global Cybersecurity Index 2024
Nigeria has been ranked among Tier 3 countries in the latest Global Cybersecurity Index 2024 (GCI), released by the International Telecommunication Union (ITU). ...
News
Nigeria: FBN Holdings Surpasses N1 Trillion Market Cap Following Merchant Bank Divestment Announcement
FBN Holdings Plc, a leading financial services conglomerate, has crossed the N1 trillion market capitalization milestone on the Nigerian Exchange (NGX) following its ...