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In a move aimed at stabilizing the Nigerian financial landscape, the Central Bank of Nigeria (CBN) recently implemented a significant policy change, prohibiting lenders from accepting foreign exchange (FX)-denominated collateral...
Nigeria’s economic engine roars with the energy of millions of small businesses and hustlers. But fueling this engine isn’t just the formal banking sector. A vast, dynamic, and often overlooked...
Introduction: In Nigeria, access to credit is crucial for economic growth, entrepreneurship, and poverty alleviation. However, the landscape of credit provision in the country is not without its challenges. Ethical...
Venture capital investment in Africa has been on the rise in recent years, injecting much-needed capital into the continent’s burgeoning startup ecosystem and fueling innovation across various sectors. From fintech...
Kenya’s banking industry has taken a significant step towards transparency and accountability with several of its top banks raising a staggering $4.7 billion in capital to comply with new reporting...
In a bold move to stabilize its economy and restore confidence in its currency, Zimbabwe has unveiled a revolutionary financial instrument: the Zimbabwean Gold-backed Currency, affectionately known as the Zig....
The Central Bank of Nigeria (CBN) unveiled a new recapitalization plan in March 2024 to strengthen the Nigerian banking sector. Here’s a breakdown of the key points: Objectives: Key Points...
South Africa’s banking sector has long been regarded as a cornerstone of the country’s economy, providing essential financial services to individuals, businesses, and investors. However, in recent years, the sector...
In recent years, the expansion of agent networks across Africa has emerged as a transformative force in advancing financial inclusion and driving economic empowerment. With limited access to traditional banking...
In this digital dispensation, the need for ubiquitous, fast, and convenient banking services has emerged. With more innovative and tech-savvy Gen-Zs and millennials, banks and financial institutions are revisiting the...
