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 ...
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 ...
