Kenya
IMF Review: Kenya Confronts Intensified External Financial Risks – Fitch
Kenya’s financial landscape is facing mounting external risks following the cancellation of its ninth and final review under the current Extended Fund Facility ...
Global
Cleo AI Agrees to $17 Million Settlement in FTC ‘Fast Money’ Case
Online cash advance provider Cleo AI has reached a $17 million settlement with the Federal Trade Commission (FTC) following allegations that the company ...
Nigeria
Nigeria: House of Representatives Affirms Financial Reporting Council Act Remains in Effect
The House of Representatives has reaffirmed that the Financial Reporting Council (FRC) Act, 2023 remains legally binding and operational unless amended through the ...
Innovation
Nigeria: NDIC Advocates Early Financial Education to Empower Nigerian Youth
The Nigeria Deposit Insurance Corporation (NDIC) has emphasized the need for early financial literacy among Nigerian youth, aiming to equip them with essential ...
Africa
Zap Africa Threatens Legal Action Against Paystack Over “Zap” Brand Name Dispute
A legal standoff is unfolding between cryptocurrency exchange Zap Africa and fintech giant Paystack over the use of the name “Zap.” The dispute ...
Global
Global: CFPB to Revoke BNPL Rule Amid Legal Challenge
The Consumer Financial Protection Bureau (CFPB) is set to reverse its stance on Buy Now, Pay Later (BNPL) regulations, retracting an interpretive rule ...
Nigeria
Nigeria’s Money Supply Declines to N110.3tn in February Amid CBN’s Liquidity Management
Nigeria’s money supply experienced its first decline of 2025, dropping to N110.32 trillion in February, down from N110.94 trillion in January, according to ...
Global
World Bank to Invest $15 Million to Enhance Nigeria’s Statistical Infrastructure
The World Bank has highlighted concerns over Nigeria’s statistical performance, emphasizing that the country is lagging behind its aspirational peers, including Mexico, Colombia, ...
Kenya
Kenya’s Digital Lending Boom Fuels Financial Inclusion and Economic Growth
A recent report by the Digital Financial Services Association of Kenya (DFSAK) reveals that Kenyans borrow approximately $3.85 million (Ksh 500 million) daily ...
Nigeria
MTN and Airtel Africa Partner to Strengthen Network Coverage in Uganda and Nigeria
Telecommunications leaders MTN Group and Airtel Africa have entered a strategic agreement to share mobile network infrastructure in Uganda and Nigeria. This collaboration ...