Nigeria
Nigeria: FG’s October 2024 Bond Auction Oversubscribed by N109bn
The Federal Government’s October 2024 bond auction has been significantly oversubscribed by N109 billion, reflecting strong investor confidence despite economic challenges. According to ...
Regulatory
Zimbabwean Telcos Adjust Tariffs as Currency Devaluation Escalates Operational Costs
Telecommunications companies in Zimbabwe are adjusting their tariffs to offset rising operational expenses caused by currency devaluation and inflation. Industry experts have pointed ...
Regulatory
Africa: Afin Bank Secures License to Serve African Diaspora in the UK
Afin Bank has secured a banking license under the “Authorisation with Restrictions” framework, setting the stage for its official launch and the commencement ...
Regulatory
Global: CFPB Faces Lawsuit Over New Open Banking Rules Amid Industry Pushback
The Consumer Financial Protection Bureau (CFPB) recently introduced new open banking rules that grant consumers the right to instruct their banks to share ...
Nigeria
Nigeria: Government and Private Sector Borrowing Surges Despite CBN’s Tightening Policy
Despite the Central Bank of Nigeria’s (CBN) tight monetary policy, Nigerian banks and discount houses borrowed a staggering ₦29.017 trillion through the Standing ...
Nigeria
Nigeria: SEC Urges Stakeholders to Align Regulatory Framework with Evolving FATF Standards
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called on stakeholders in the capital market to adapt ...
Ghana
Ghana: Mobile Money Transactions Surpass GH¢1.9 Trillion – Bank of Ghana
The Bank of Ghana’s (BoG) 2023 FinTech Sector Report has highlighted remarkable progress in the country’s digital financial sector, revealing that mobile money ...
Nigeria
Nigeria’s Central Bank Reaffirms Vigilance in Monitoring Banks and Protecting Depositors’ Funds
The Central Bank of Nigeria (CBN) has reiterated its commitment to safeguarding the country’s financial stability, emphasizing its proactive measures to monitor the ...
Regulatory
Global: BIS Warns Tokenization May Pose New Risks for Central Banks
While tokenization offers promising benefits for the future of financial systems, it also presents new costs and risks that central banks must carefully ...
Nigeria
Nigeria: Blockchain as a Catalyst for Economic Growth, Says Nigerian Expert
Adeshina Ajayi, a Nigerian blockchain expert, has underscored the transformative potential of blockchain technology in driving economic growth. Ajayi, who is leading initiatives ...
