Innovation
Nigeria’s Data Centre Boom: $630 Million Pledged to Support Digital Expansion and Regulatory Resilience
In response to skyrocketing internet consumption and the rising demand for localized cloud infrastructure, Nigeria’s data centre operators have committed over $630 million ...
Nigeria
Nigeria: CBN Slashes Treasury Bills Offer to N400 Billion Amid Weaker Investor Appetite
The Central Bank of Nigeria (CBN) has reduced its Nigerian Treasury Bills (NTBs) offer to N400 billion at this week’s primary market auction, ...
Innovation
Niger State Eliminates Right-of-Way Fees, Introduces ₦500,000 Permit to Accelerate Digital Connectivity
In a bold move to fast-track digital inclusion and foster private-sector investment in broadband infrastructure, Niger State has officially waived Right-of-Way (RoW) fees ...
Global
Global: Vietnam’s Central Bank Develops Restructuring Strategy for SCB Amid Major Financial Scandal
Vietnam’s central bank is in the final stages of preparing a comprehensive restructuring report for the troubled Saigon Joint Stock Commercial Bank (SCB), ...
Global
Global: IMF Flags Economic Uncertainty in Nigeria Despite Reform Momentum
The International Monetary Fund (IMF) has expressed concern over Nigeria’s economic outlook, highlighting significant macroeconomic uncertainty despite recent progress through fiscal and monetary ...
Nigeria
Nigeria: CBN Deepens Reform Agenda to Restore Confidence and Stability – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has reaffirmed the apex bank’s commitment to bold and transparent monetary reforms ...
Global
Global: FDIC and Federal Reserve Impose Over $1.4B in Penalties on Discover Over Credit Card Misclassification
In a significant regulatory enforcement action, the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board have jointly penalized Discover Financial Services ...
Nigeria
Nigeria: CBN Strengthens Regulatory Oversight on BDCs with New AML Compliance Checks
The Central Bank of Nigeria (CBN) has issued a stern directive to Bureau De Change (BDC) operators nationwide, emphasizing strict adherence to anti-money ...
Egypt
DPI Acquires Egypt’s include Fintech Fund to Bolster Africa-Focused Investment Strategy
Development Partners International (DPI), a UK-based venture capital firm, has officially acquired Nclude, Egypt’s leading fintech-focused fund established by Global Ventures. This strategic ...
Nigeria
Nigeria’s SEC Cracks Down on Influencer Promotions of Unlicensed Digital Asset Platforms and Meme Coins
Nigeria’s Securities and Exchange Commission (SEC) has issued a strong warning to celebrities and social media influencers, urging them to desist from promoting ...
