Nigeria
Nigeria: Naira Strengthens as CBN Maintains FX Liquidity for Banks and BDCs
The Nigerian naira continues to hold firm against the US dollar, buoyed by the Central Bank of Nigeria’s (CBN) sustained foreign exchange (FX) ...
Fintech
Behavox Acquires Mosaic Smart Data to Strengthen AI-Driven Trade Surveillance
AI-driven compliance and insights company Behavox has acquired Mosaic Smart Data, a provider of analytics solutions that enable financial institutions to derive actionable ...
Nigeria
Nigeria: SEC Cuts Approval Time to 14 Days, Enhancing Capital Market Efficiency
The Securities and Exchange Commission (SEC) has significantly streamlined its capital market approval process, reducing the timeline for companies raising capital from over ...
Fintech
Global: Crypto Exchange OKX Fined $505M for AML Violations and Regulatory Breaches
OKX, one of the world’s largest cryptocurrency exchanges, has been hit with a $505 million penalty after admitting to violating U.S. anti-money laundering ...
Nigeria
Nigeria’s Banking Fraud Surges to N52bn Over Four Years – NIBSS
The scale of fraudulent transactions within Nigeria’s banking sector has escalated dramatically, surging from N11 billion in 2020 to N52 billion in 2024, ...
Fintech
Ecobank Uganda and Ria Money Transfer Collaborate to Strengthen Remittance Services
Ecobank Uganda has announced a strategic partnership with Ria Money Transfer, a global leader in cross-border remittances, to enhance international money transfer ...
Fintech
Nigeria: EFInA Unveils New Identity and Five-Year Strategy to Strengthen Financial Inclusion in Nigeria
Enhancing Financial Inclusion and Advancement (EFInA) has launched a new brand identity alongside an ambitious five-year strategy aimed at accelerating financial inclusion ...
Africa
Africa: Flutterwave Pursues NGX Listing, Strengthens Support for SME Growth
Leading African fintech company Flutterwave has set its sights on listing on the Nigerian Stock Exchange (NGX) as part of its broader ...
Nigeria
Nigeria’s GDP Growth Hits 3.40% in 2024 – NBS Report
Nigeria’s Gross Domestic Product (GDP) expanded by 3.40% in 2024, marking an increase from the 2.74% recorded in 2023, according to the latest ...
Fintech
Global: Oman’s Financial Services Authority Unveils eIPO Platform to Enhance Securities Issuance and Market Transparency
As part of its digital transformation agenda, Oman’s Financial Services Authority (FSA) has launched the first phase of its electronic securities issuance ...
