IFC, a member of the World Bank Group, has announced that it is investing $20 million in debt in the African Local Currency Bond Fund (ALCB...
Central Bank of Nigeria (CBN) has reiterated the need to secure payment systems in the country stem fraudulent activities in the financial sector. Mr Dipo Fatokun,...
Mr. Mounir Gwarzo, director-general, Securities and Exchange Commission (SEC) yesterday said that a total of 2.2 million investors have registered for the edividend payment platform. Gwarzo...
The Central Bank of Nigeria (CBN), said it would revoke the operating licences of micro finance banks, and other financial institutions (OFIs), due to non-compliance with...
Largely unheralded for a long time, Ponzi schemes came to the consciousness of the entire nation in 2016. With the descent of the Nigerian economy into...
The International Monetary Fund (IMF) has released its 2017 Sub-Saharan Africa Regional Economic Outlook, predicting a 2.6 per cent growth. Mr. Abebe Selassie, head of the...
FXTM Chief Market Strategist Hussein Sayed comments on the CBOE Volatility Index. The CBOE Volatility Index fell yesterday to the lowest level since 1993 to trade...
Central Bank of Nigeria (CBN) has hiked fees charged by banks on debit and credit card maintenance from N100 a year to N50 per month. The...
The number of cards in the hands of consumers in the Middle East and Africa increased 13 percent in 2015, making it the world’s fastest growing...
In this piece, Omokehinde Adebanjo, Vice President and Area Business Head for West Africa for Mastercard, looks at the evolution of banking and how it will...