Nigeria
Nigeria: AfDB Approves $230M Trade Finance Facility for Access Bank to Ease FX Liquidity for Nigerian SMEs
The African Development Bank (AfDB) has announced a $230 million trade finance facility for Access Bank Plc to strengthen trade finance activities and ...
Global
British Banks Borrow $12.7 Billion from Bank of England Amid Liquidity Shift
British lenders have tapped into the Bank of England’s (BoE) Indexed Long-Term Repo (ILTR) facility at unprecedented levels since the pandemic, borrowing more ...
Global
Namibia’s Telecom Sector Surpasses $43M in Data Revenue Amid Digital Expansion
Namibia’s telecommunications industry has reached a significant milestone, generating over N$800 million ($43 million) in data revenue. This growth reflects the country’s alignment ...
Global
Lloyds Banking Group Opens Applications for ‘Launch Innovation’ Programme
Lloyds Banking Group has announced the opening of applications for its 2024 ‘Launch Innovation’ programme, aimed at discovering new business partnerships and fostering ...
Fintech
Bank of Israel Reveals Potential Digital Shekel Design for Public Consultation
The Bank of Israel has unveiled a high-level design for a potential digital shekel (DS) and is inviting public feedback on its proposed ...
Fintech
Namibia Evaluates CBDC for Cross-Border Payments and Financial Inclusion
Namibia is actively exploring the potential introduction of a central bank digital currency (CBDC) to enhance cross-border payments and expand financial inclusion. The ...
Fintech
Nigeria to Roll Out Treasury Management & Revenue Assurance System (TMRAS) for Enhanced Revenue Collection
The Federal Government of Nigeria (FGN) is set to launch the Treasury Management & Revenue Assurance System (TMRAS), a new digital platform aimed ...
Fintech
Nigeria: Moniepoint Partners with Afrigopay to Expand Contactless Payments and Distribute 5 Million AfriGO Cards
Moniepoint Inc., a leading Nigerian fintech company, has partnered with Afrigopay Financial Services Limited (AFSL) to introduce tap-to-pay solutions and distribute 5 million ...
Nigeria
Nigeria: CBN Calls for Enhanced Compliance Frameworks to Combat Illicit Financial Flows
The Central Bank of Nigeria (CBN) has emphasized the urgent need for financial institutions to strengthen their compliance frameworks and align with global ...
Fintech
Global: Mastercard Expands Middle East Presence Through Strategic Partnerships
Mastercard is strengthening its foothold in the Middle East through strategic collaborations with Emirates NBD, a leading financial institution in the MENAT (Middle ...