The Federal government has instructed Mobile Network Operators to suspend Unstructured Supplementary Service Data services starting from March 15th until they pay theirs over N42bn debt. This directive was issued …
Nigeria’s new naira-for-dollar plan to encourage remittance payments will do little to meet its stated aim of stabilising the currency, analysts say. Central bank Godwin Emefiele, who announced the introduction …
The Central Bank of Egypt (CBE) denied the allegation that it intends to stop the circulation of the Egyptian pound banknote in the market. According to a statement released by …
Standard Bank reported a 51% decrease in profit after taxes and other adjustment was done in December. Africa’s biggest bank stated any economic recovery from the COVID-19 pandemic in Africa …
African fintech firm Flutterwave has secured $170 million from a group of international investors as part of a successful Series C round. The round was led by growth-equity firms Avenir …
As controversial as the mention of the word Decentralized finance ( Defi) is to the legacy of the current financial ecosystem in Africa. The opportunities it presents especially to the …
The Central Bank of the People’s Republic of China electronic Chinese yuan is now being tested in major cities such as Shenzhen, Shanghai and Beijing. Early last year, China started …
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 …
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