CBN Governor Calls for African Unity as Afreximbank Capital Surpasses $40 Billion
CBN Governor Yemi Cardoso urges African unity as Afreximbank’s capital surpasses $40B, calling for deeper…
Posted inAfrica Banking Blockchain
Visa Partners with Yellow Card to Expand Stablecoin Payments Across Africa
Visa partners with Yellow Card to bring stablecoin-powered cross-border payments to Africa, advancing digital dollar…
Posted inAfrica Banking Blockchain
Kenya Bankers Association Explores Tokenized Collateral to Modernize Lending with Blockchain
Kenya’s banking sector is exploring tokenized collateral, signaling a new frontier in blockchain-based lending, transparency,…
Posted inBanking Economy NAIRA RATE
CBN Supervises Forbearance-Exposed Banks Amid Recapitalization Push to Strengthen Nigeria’s Financial Sector
CBN tightens oversight on forbearance-exposed banks, reinforcing capital buffers to safeguard Nigeria’s banking sector post-COVID…
SEC DG Emomotimi Agama Charts Future-Ready Vision for Nigeria’s Financial Markets at NCMA Awards
Nigeria’s SEC is charging ahead with digital innovation and regulatory reform to build a resilient,…
Naira Closes Strong at N1,579/$1 as CBN Reforms Boost Investor Confidence
The naira strengthens against the dollar amid CBN reforms, signaling growing investor confidence and relative…
Nigeria’s External Reserves Rebound by $364 Million, Breaking 2025 Downtrend
Nigeria’s external reserves post their first sustained rise in 2025, signaling a potential turning point…
Nigeria’s All-Share Index Nears 106,000 as Market Rallies
The Nigerian stock market rebounded strongly this week, fueled by consumer goods, insurance, and banking…
Posted inBanking
AfDB President Slams African Banks for Failing Young Entrepreneurs
President of the African Development Bank (AfDB), Akinwumi Adesina, has criticized African commercial banks for…
Posted inBanking Blockchain Crypto Economy
Banks Must Adapt as Crypto Transactions Soar to $59 Billion
Cryptocurrency transactions have reached $59 billion in Nigeria, underscoring a financial shift that banks can…
Naira Weakens Further Amid CBN Intervention, Crypto Market Reacts to Trump’s Policy Shift
The Naira depreciated by ₦10.23 (0.75%) against the U.S. Dollar in the Nigerian Autonomous Foreign…
CBN Introduces FX Code for Ethical Conduct in the FX Market
The Central Bank of Nigeria (CBN) has approved the Nigerian Foreign Exchange (FX) Code to…
CBN Launches new accounts to attract Nigerian Diaspora Investments
The Central Bank of Nigeria (CBN) has introduced two new types of accounts: the Non-Resident…
Ethiopia to Open Stock Exchange after 50 Years
Ethiopia is preparing to reopen its stock exchange after it was shut down 50 years…
Czech National Bank Governor Considers Bitcoin for Reserves
Aleš Michl, the governor of the Czech National Bank, has expressed interest in Bitcoin as…
National Bank of Ethiopia Maintains Benchmark Rate at Inaugural MPC Meeting
The National Bank of Ethiopia has decided to keep the country’s main interest rate at…
Posted inBanking Blockchain Crypto Economy Regulations Technology
Cryptocurrency Adoption in Nigeria and South Africa
A recent research by ConsenSys and YouGov reveals the behavior, adoption patterns, and hurdles surrounding…
Posted inBanking Economy General News NEWS Regulations Top News
Tax Reforms In Nigeria
SBM Intelligence’s recent survey reveals mixed feelings among Nigerians about the proposed tax reform bills.While…
Posted inBanking Blockchain Crypto DeFi Economy General News NEWS Technology WEB 3.0
Transforming Financial Inclusion in Africa Via Blockchain Technology
Over the past decade, financial inclusion in sub-Saharan Africa has made significant progress as in…
Posted inBanking
Nigeria issues two Eurobonds with yields over 10% to address 2024 budget deficit
Nigeria is returning to the international capital markets for the first time in over two…
Hong Kong’s largest digital bank launches retail crypto trading
Hong Kong’s biggest virtual bank, ZA Bank, has launched a service that lets regular people…
COULD PRESIDENT TRUMP’S NEW PLAN REVOLUTIONIZE GOVERNANCE
Donald Trump has announced an ambitious initiative to tackle government inefficiency and wasteful spending involving…
Posted inBanking Economy Technology
Nigeria’s Debt-to-GDP Ratio Hits 55% in June 2024
Nigeria's debt-to-GDP ratio ramped up to 55% by June 2024, a significant jump from 42.4%…
Posted inBanking Exchange NAIRA RATE Stocks Trading
All-Share Index Rises by 0.09%, Nigerian Stock Market Sees Modest Gain
On November 8, 2024, the Nigerian All-Share Index (ASI) ended with a slight gain of…