Innovation
Nigeria: CBN Strengthens Youth Empowerment Through Credit Access and Capacity Building
The Central Bank of Nigeria (CBN) is reinforcing its commitment to youth empowerment by expanding access to credit and strengthening capacity-building initiatives. Under ...
Global
Global: UAE Central Bank Sanctions Five Banks for Tax Compliance Violations
The Central Bank of the UAE (CBUAE) has imposed financial penalties totaling 2.62 million dirhams ($713,310) on five banks and two insurance companies ...
Global
Global: Treasury Department Pushes for Greater Oversight of FDIC and OCC
The U.S. Treasury Department is reportedly drafting new recommendations aimed at strengthening its control over key banking regulators, specifically the Office of the ...
Nigeria
Nigeria: FG Cracks Down on Fake NIN Card Operators, Unveils Plans for Secure Multi-Purpose ID
The Federal Government has launched a crackdown on individuals and organizations illegally printing National Identification Number (NIN) cards, warning that offenders will face ...
Kenya
Kenyan Court Dismisses Lawsuit Alleging Safaricom Stole “Reverse Call” Concept
A Nairobi court has ruled in favor of Safaricom, dismissing a lawsuit filed by Davidson Ivusa, a Kenyan innovator who accused the telecom ...
Fintech
Nigeria’s NIBSS and Ceva Compete for Kenya’s Fast Payment System Project
Nigeria’s Interbank Settlement System (NIBSS) and Kenyan payment solutions provider Ceva Limited are actively lobbying Kenyan President William Ruto to secure the contract ...
Innovation
Nigeria Leads Global Shift Toward Digital Payments as Cash Usage Declines
According to a new report by Worldpay, Nigeria has emerged as the global frontrunner in reducing cash dependency, driven by the widespread adoption ...
Nigeria
Nigeria: Edun and Cardoso Strengthen Fiscal-Monetary Policy Synergy for Economic Stability
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the Governor of the Central Bank of Nigeria (CBN), ...
Fintech
Nigeria: First Bank Disburses ₦700 Billion to SMEs in 2024, Plans Multi-Trillion Naira Investment by 2025
First Bank of Nigeria Limited has reaffirmed its commitment to small businesses, announcing plans to invest trillions of Naira in the sector by ...
Fintech
Visa Inc. to Launch Data Centre in Nigeria, Strengthening Digital Economy
Visa Inc. has announced plans to establish a data centre in Nigeria as part of its expanding investment in the country. The announcement ...