CBN’s Rules: From May, BVN, Phone Number Can Only Be Changed Once in Lifetime
Philips Babatunde Nigeria’s banking regulator, the Central Bank of Nigeria, has introduced a new rule restricting how often Nigerians can…
Read MoreCBN Mandates Use of AI in Banks’ Anti Money Laundering Systems
The Central Bank of Nigeria has formally introduced artificial intelligence into the country’s anti money laundering framework, directing…
Read MoreKCB Group Seeks Regulatory Approval to Acquire Stake in Pesapal
KCB Group, Kenya’s largest bank by assets, is awaiting regulatory approval to acquire a stake in regional payments…
Read MorePouchers Launches Stablecoin Powered Wallet to Simplify Global Payments for Africans
A new multicurrency wallet, Pouchers, is aiming to simplify international financial transactions for Africans who earn locally but…
Read MoreNjiaPay Secures $2.1m Seed Funding to Expand Payment Infrastructure Across Africa
A South African payment technology startup, NjiaPay, has secured $2.1 million in seed funding to scale its operations…
Read MoreCBN Directs Banks to Conduct Stress Test on Credit Portfolios
The Central Bank of Nigeria has directed all banks in the country to conduct a comprehensive stress test…
Read MoreFraudsters Shift Focus to Account Takeovers in Africa’s Fintech Sector
African fintech companies are facing a new wave of digital fraud as attackers increasingly target existing accounts instead…
Read MoreEthio Telecom, Ericsson Sign Deal to Expand Ethiopia’s Digital Network
Ethio Telecom has signed a major network expansion and modernization agreement with Ericsson at the Mobile World Congress…
Read MoreOpenAI Hardware Chief Resigns Over Pentagon AI Deal
Caitlin Kalinowski has stepped down from her position as head of hardware at OpenAI after raising concerns over…
Read MoreRegulatory Pressure Pushes Nigerian Digital Lenders Toward Bigger Loans
Nigeria’s once booming nano lending model is gradually shifting as digital lenders move away from very small instant…
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