Economy

Peter Obi Promises To Remove Import Forex Restrictions And End Double Forex Market Rate.

Economy / FINTECH / NEWS
09/10/2022

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The leading presidential candidate in Nigeria’s forthcoming 2023 presidential election, Labour Party’s Peter Obi has promised to remove the stifling forex import restrictions and entrench a...

Nigeria Executes First Pan African Payment and Settlement System Transaction In Africa.

Economy / FINTECH / NEWS
09/10/2022

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Nigeria becomes the first country in Africa to record the first successful transaction through the Pan-African Payment and Settlement System (PAPSS). This comes after the payment...

Central Bank Allows Payment In Bitcoin, Other Cryptocurrencies.

BITCOIN NEWS / Economy
07/10/2022

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The Central Bank of Namibia has announced that despite no cryptocurrency having legal tender status in the country, payments in Bitcoin and other crypto will still...

Six African Fintech Start-ups Made The Top Global Promising Fintechs 2022.

Economy / FINTECH / NEWS
06/10/2022

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Market intelligence platform, CB Insights has unveiled the winners of the fifth annual Fintech 250 — a list of the 250 most promising private fintech companies...

Nigeria Central Bank Proposes 25 Billion Naira Capital Base For Deposit-Taking Fintechs.

Economy / FINTECH / NEWS
06/10/2022

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Central Bank Nigeria governor, Godwin Emefiele has proposed a 25 Billion naira capital base for deposit taking Fintechs, stating that such fintechs, “should come forward and...

Namibian Uranium to be Backed by NFT on the Blockchain.

Economy / NFT
06/10/2022

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The first decentralized blockchain integrated with and operated by a network of regulated bank and money transmitter partners has reached a five years exclusive agreement with...

North Africa and Middle East Ranks Top In Fastest Growing Crypto Market in The World.

Economy / NEWS / TRADING
05/10/2022

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A new report from Chainalysis shows that the crypto market in the Middle East and North Africa ( MENA) region is the fastest growing in the...

Kenya’s Central Bank Says Forex Reserves Are Adequate, In Response To VP’s Claim of Inadequacy.

Economy / FINTECH / NEWS
04/10/2022

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The central bank of Kenya has refuted remarks made by the country’s deputy president Rigathi Gachagua which insinuates that the East African nation lacks foreign exchange...

CBN Plans To Increase Fintech Capital Base Above N 2 Billion.

Economy / FINTECH / NEWS
04/10/2022

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The Central Bank of Nigeria (CBN) is making plans to raise the capital base for Financial Technology firms (Fintechs) as the market share controlled by the...

Forex Scarcity Faulted As Naira Hit All Time Low Against Dollar.

Economy / FINTECH / NEWS
03/10/2022

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Nigerian currency recently lost further ground against the US dollar after the naira’s parallel market exchange rate slumped to 735 units per dollar. The naira’s latest...

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