Intelligence
Nigeria: AI Recommended as Key Solution to Combat Financial Fraud in Nigeria
Industry experts have emphasized the need for artificial intelligence (AI) adoption to enhance fraud detection and cybersecurity in Nigeria’s financial sector. Speaking on ...
Nigeria
Nigeria’s GDP Per Capital Declines to $835 Amid Economic Challenges—IMF
The International Monetary Fund (IMF) has reported a 4.74% decline in Nigeria’s Gross Domestic Product (GDP) per capita, which fell from $877.07 in ...
Nigeria
Nigeria: NAICOM and FRSC Strengthen Partnership for Third-Party Motor Insurance Enforcement
The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have reinforced their collaboration to ensure the effective enforcement of compulsory ...
Fintech
Nigeria’s Cash Crisis: How POS Agents Overtook ATMs in the Battle for Cash
According to Tope Dare, Executive Director of e-Business and Infrastructure at Inlaks Computers Limited, Nigeria’s persistent cash shortage has been attributed to poor ...
Innovation
Global: Mastercard and VikingCloud Partner to Strengthen Cybersecurity for SMBs
Mastercard has joined forces with global cybersecurity and PCI compliance firm VikingCloud to develop innovative cybersecurity solutions tailored for small- and medium-sized businesses ...
Regulatory
Global: US Lawmakers Propose Stablecoin Bill to Reinforce Dollar Dominance
House Representatives French Hill and Bryan Steil have introduced a discussion draft bill designed to establish a regulatory framework for dollar-pegged payment stablecoins ...
Nigeria
Nigeria: NIS Launches Contactless Passport Application for Nigerians Residing in Europe
The Nigeria Immigration Service (NIS) announced today that it will extend its contactless passport application system to select European countries, aiming to simplify ...
Nigeria
Nigeria: NIMC Approves FIC Professionals Network Plc for ID4D Initiative
The National Identity Management Commission (NIMC) has granted clearance to FIC Professionals Network Plc to participate in Nigeria’s World Bank-supported Identity for Development ...
Fintech
Uganda: Mastercard Launches Its First Ugandan Office to Drive Digital Transformation and Financial Inclusion
Mastercard has inaugurated its inaugural office in Uganda, a landmark step in its strategic expansion across East Africa. This new hub in Kampala ...
Regulatory
Zambia: Airtel Zambia to Compensate Customers Following Prolonged Network Disruption
Airtel Zambia is now facing significant penalties after a widespread network outage on February 2, 2025, left customers without service for over ...