Banking, finance and investment news across Africa: bank results, monetary policy, capital markets, fund flows and investment deals.
The International Monetary Fund (IMF) estimates that central bank currencies will confront major obstacles in a rapidly digitizing financial system. In a recent blog post, the IMF said that as …
Following the announcement of the Central Bank of Nigeria prohibiting the banking sector from servicing crypto exchanges. The testimony of the governor of the Central Bank of Nigeria justifies the …
Recently, the Central Bank of Nigeria released draft regulations for the Open Banking framework. In a clear term, the Open Banking framework is tailored towards integrating various stakeholders within the …
Binance announced the addition of NGN FIAT/NGN pair to its peer-to-peer [P2P] platform in Nigeria. This will allow users to buy and sell their NGN fiat balance on Binance with …
Mastercard says it will allow merchants to start accepting payments in cryptocurrency 2021. This move will position the payment giants as the first to integrate digital currency payment directly on …
The Intergovernmental Fintech Working Group (IFWG) has announced the launch of Khokha 2’ project aimed at exploring the use of tokenized money, blockchains and digital currency in South Africa. This …
For the first time in history, the cryptocurrency market overtook Google after the recent announcement of $1.5 billion Bitcoin investment from Tesla At the moment the total crypto market cap …
The price of bitcoin rose to a new record of $48 000 on Tuesday after Tesla Inc. announced investing $1.5 billion of bitcoin. The price surged as much as 7.9 …
The Central Bank of Nigeria has explained that the reason behind the recent prohibition of cryptocurrency transaction was a reiteration of its 2017 stance on cryptocurrencies. On the 5th of …
An increase in the price of Nigeria’s short-term debt and a weaker naira rate to sell dollars to investors in a month signal that the CBN might devalue the currency …
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