Kenya’s Central Bank (CBK) has intensified its regulatory grip on the banking sector, fining 11 commercial lenders and several forex bureaus a combined KES 191 million ($1.48 million) in the...
Perched in the rolling hills of southwestern Nigeria, Ekiti State—long celebrated as the “Fountain of Knowledge”—is turning its academic legacy into a springboard for artificial intelligence (AI) leadership. With a...
Kenya’s Mawingu Networks has long stood apart in Africa’s connectivity race—not by chasing profits in urban centers, but by building internet infrastructure where most telcos wouldn’t go: rural, underserved communities....
Olusegun Alebiosu is the Managing Director and Chief Executive Officer of First Bank of Nigeria Limited (FirstBank Group), having assumed the role in June 2024, following a stint as Acting...
In a decisive step to strengthen its strategic and operational core, Abbey Mortgage Bank Plc has appointed Mr. John Okonkwo as Executive Director for Finance, Risk, and Operations, effective August...
In a bold regulatory pivot, Nigeria’s Federal Inland Revenue Service (FIRS) is rolling out a real-time transaction monitoring system to track Value Added Tax (VAT)-eligible digital payments. The platform—dubbed the...
In a continued show of monetary restraint, the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.5%, following the conclusion of its 301st Monetary Policy...
In a strategic relaunch that underscores its growing global ambitions, Nigerian neobank Kuda Technologies has re-entered the cross-border remittance market—this time with a multi-currency wallet built entirely in-house. This follows...
In a surprising turn, the Naira strengthened to N1,550/$ in the parallel (black) market this week—its highest gain in recent weeks—reflecting growing confidence in Nigeria’s currency amid increased foreign exchange...
In a landmark moment for West Africa’s financial sector, Guaranty Trust Holding Company (GTCO) has become the first financial services institution in the region to dual-list on both the Nigerian...
