Trending News: UBA Announces Appointment of Henrietta Ugboh as an Independent Non-Executive DirectorNDIC to Begin Heritage Bank Asset Sale in December Following License Revocation by CBNAccess Bank UK Acquires Majority Stake in Mauritius’ Afrasia BankFirst Bank Appoints Ebenezer Olufowose as New ChairmanTymeBank appoints Karl Westvig as CEOFirst Bank of Nigeria Appoints Olusegun Alebiosu as Managing Director and CEONIBSS Appoints Mastercard’s Former VP Ebehijie Juliet Momoh as MD/CEO of AfriGOPayUBA’s Group Managing Director Alawuba, Appointed Chairman CIBN Body of Banks CEOsFCMB Welcomes Ademola Adebise to Its Board of DirectorsVertoFX Appoints Dr. Austin Okpagu as Nigeria Country Manager Africa’s Leading Venture Capital Leader, Kola Aina Joins EFInA BoardFlutterwave Appoints Former Citi CFO Mitesh Popat, as Chief Financial Officer to Drive Growth And Financial SustainabilityNigerian Financial Authorities Unite to Simplify Bank RecapitalisationBank of Industry Secures Historic €1.43bn in Global Loan Syndication, Marking Largest Transaction in its HistoryRand Merchant Bank Nigeria Appoints Bayo Ajayi as CEOZone Partners NIBSS to Revolutionize Nigeria’s PoS Payment Infrastructure With Blockchain TechnologyTony Elumelu Urges UCEE Microfinance Bank to Drive Prosperity Through Digital Microfinance at Launch EventTymeBank to Expand Into Indonesia , Following Southeast Asia Growth StrategyNigeria’s Remittance Surge: CBN Reports Record $553m Inflows for July 2024Fidelity Bank and Mastercard Launch “Fidelity Send” to Revolutionize Cross-Border Payments in NigeriaZenith Bank Achieves Triple-Digit Growth in H1 2024 Amid Challenging Economic ConditionsUCEE Microfinance Bank Kicks Off Operations With Mobile App to Drive Financial Inclusion in NigeriaFCMB Welcomes Ademola Adebise to Its Board of DirectorsKenya’s Banking Sector Leverages AI to Combat Internal Fraud and TheftLemFi Expands its International Payment Services to Brazil and MexicoKuda Partners with SeerBit to Offer Cardless Payments and Enhance SecurityPension Funds Shift Focus from Mutual Funds to Government SecuritiesCBN Clears $831m in Trapped Funds for Foreign Airlines, Confirms IATASEC to Unveil Framework for Bank RecapitalisationNigeria to Kickstart Local Manufacturing of Auto PartsWema Bank Targets Tier-1 Status Amid Recapitalisation DriveNigerian Ports Authority Meets with Barge Operators to Boost Export EfficiencyJumia Nigeria Unveils State-of-the-Art Logistics HubNigeria Embarks on Major GDP and CPI Rebasing ExerciseNigeria’s Manufacturing Sector Faces Turmoil Amid Economic ChallengesNigeria Secures $16.6bn in Oil Sector InvestmentsCBN Governor Yemi Cardoso Announces Impressive 136% Increase in Q1 FX Inflows Compared to 2023Jumia Nigeria Partners Credpal to Offer Customers With Buy Now Pay Later FeatureCentral Bank of Nigeria Enforces New Licensing Rules for Bureau de Change OperatorsIMF Reveals 56% of Central Banks Lack National Cybersecurity Strategy for Financial SectorCBN Announces Moniepoint, OPay, And Others to Resume New Customer Enrollments SoonAirtel Africa Marks Significant Financial Milestone Amid Currency Fluctuation ChallengesLegal Battle Looms Over Mandatory Registration for PoS Operators in NigeriaAirtel Payment Service Bank SmartCash, Hits 1.5 Million Active Users in March 2024Chipper Cash Resumes US Operations Following Service PauseNigeria Orders 1.9 Million PoS Agents to Register With CAC to Curb Fraudulent TransactionsZenpay, Zenith Bank’s Fintech Arm Teams Up With AfCFTA For Innovative Trade PortalNigeria’s Fiscal and Monetary Reforms Garner Positive Rating Boost from FitchCBN Directive Spurs Crackdown Amid Concerns Over Money Laundering And Terrorism FinancingNigeria’s Cryptocurrency P2P Market Predicted to Reach $500 Billion Amidst Regulatory CrackdownNigerian Logistics Company Renda Raises $1.9 Million in Pre-seed Round to Expand Across AfricaZimbabwe’s Newly Launched Currency ZIG, Faces Low Acceptance by CitizensZenith Bank Shareholders Endorse Transition to HoldCo StructureMTN Nigeria Fintech Records Marginal Revenue Increase in Q1 2024Unimpressive Q1 2024 Result: MTN Nigeria Committed to Stay Resilient Amid Challenging Operating EnvironmentTwiga Foods Announce Charles Ballard as New CEOStandard Chartered Bank Appoints Dalu Ajene as New CEO Nigerian Passport Ranked Amongst The Worst Top 10 Travel Documents GloballyHow Smartphone Adoption And Local Talent Are Powering Africa’s Gaming RenaissanceBreaking Barriers: How Mobile Banking is Bridging The Gender Gap in Financial InclusionKenyan-based Travel Booking Platform BuuPass Acquires QuickBus, to Expand to South Africa And NigeriaFlutterwave Readies For IPO Listing With Strategic MovesAfrican Pre-seed Investment Programme Madica, Backs Three Tech Startups Across The African ContinentNigeria Unveils First Multilingual AI-Language Model, Accelerates National AI StrategyNigeria Secures $600 Million Investment From Maersk For Seaport InfrastructureBank of Uganda Faces Backlash For Mandatory ID Verification on Digital Transactions Over $260South African fintech JUMO Secures Goldman Sachs Support For Asian Expansion67% of Nigerians Trust Bitcoin Over Traditional Banks For Savings – ReportFlutterwave Partners with Acquired.com to Enable Domestic Card Payments on Send AppNigeria’s Central Bank Denies Freezing Crypto Accounts, Issues Official StatementMTN South Africa Signs Partnership to Launch PayShapFirstBank Emerges as The Best Private Bank in Nigeria Flutterwave CEO named Vice Chair of US-Africa Business Center’s boardPula Raises $20 Million in Series B Financing to Support African Farmers10 Global Tech Companies Investing in AfricaBank of Uganda Faces Backlash For Mandatory ID Verification on Digital Transactions Over $260Four Nigerian Fintech Firms Suspend Account Opening For New Customers Following CBN Directiveillegal FX Transactions- Opay Closes Non-Complaint AccountsFuture of Work Like Remote Collaboration ToolsAdvanced progress in the workplaceNavigating the Landscape of Cryptocurrency TrendsAI in Healthcare: Game-Changer or Ethical Dilemma?Tech Giants Unite for Sustainability
Thu. Nov 21st, 2024
Trending News: UBA Announces Appointment of Henrietta Ugboh as an Independent Non-Executive DirectorNDIC to Begin Heritage Bank Asset Sale in December Following License Revocation by CBNAccess Bank UK Acquires Majority Stake in Mauritius’ Afrasia BankFirst Bank Appoints Ebenezer Olufowose as New ChairmanTymeBank appoints Karl Westvig as CEOFirst Bank of Nigeria Appoints Olusegun Alebiosu as Managing Director and CEONIBSS Appoints Mastercard’s Former VP Ebehijie Juliet Momoh as MD/CEO of AfriGOPayUBA’s Group Managing Director Alawuba, Appointed Chairman CIBN Body of Banks CEOsFCMB Welcomes Ademola Adebise to Its Board of DirectorsVertoFX Appoints Dr. Austin Okpagu as Nigeria Country Manager Africa’s Leading Venture Capital Leader, Kola Aina Joins EFInA BoardFlutterwave Appoints Former Citi CFO Mitesh Popat, as Chief Financial Officer to Drive Growth And Financial SustainabilityNigerian Financial Authorities Unite to Simplify Bank RecapitalisationBank of Industry Secures Historic €1.43bn in Global Loan Syndication, Marking Largest Transaction in its HistoryRand Merchant Bank Nigeria Appoints Bayo Ajayi as CEOZone Partners NIBSS to Revolutionize Nigeria’s PoS Payment Infrastructure With Blockchain TechnologyTony Elumelu Urges UCEE Microfinance Bank to Drive Prosperity Through Digital Microfinance at Launch EventTymeBank to Expand Into Indonesia , Following Southeast Asia Growth StrategyNigeria’s Remittance Surge: CBN Reports Record $553m Inflows for July 2024Fidelity Bank and Mastercard Launch “Fidelity Send” to Revolutionize Cross-Border Payments in NigeriaZenith Bank Achieves Triple-Digit Growth in H1 2024 Amid Challenging Economic ConditionsUCEE Microfinance Bank Kicks Off Operations With Mobile App to Drive Financial Inclusion in NigeriaFCMB Welcomes Ademola Adebise to Its Board of DirectorsKenya’s Banking Sector Leverages AI to Combat Internal Fraud and TheftLemFi Expands its International Payment Services to Brazil and MexicoKuda Partners with SeerBit to Offer Cardless Payments and Enhance SecurityPension Funds Shift Focus from Mutual Funds to Government SecuritiesCBN Clears $831m in Trapped Funds for Foreign Airlines, Confirms IATASEC to Unveil Framework for Bank RecapitalisationNigeria to Kickstart Local Manufacturing of Auto PartsWema Bank Targets Tier-1 Status Amid Recapitalisation DriveNigerian Ports Authority Meets with Barge Operators to Boost Export EfficiencyJumia Nigeria Unveils State-of-the-Art Logistics HubNigeria Embarks on Major GDP and CPI Rebasing ExerciseNigeria’s Manufacturing Sector Faces Turmoil Amid Economic ChallengesNigeria Secures $16.6bn in Oil Sector InvestmentsCBN Governor Yemi Cardoso Announces Impressive 136% Increase in Q1 FX Inflows Compared to 2023Jumia Nigeria Partners Credpal to Offer Customers With Buy Now Pay Later FeatureCentral Bank of Nigeria Enforces New Licensing Rules for Bureau de Change OperatorsIMF Reveals 56% of Central Banks Lack National Cybersecurity Strategy for Financial SectorCBN Announces Moniepoint, OPay, And Others to Resume New Customer Enrollments SoonAirtel Africa Marks Significant Financial Milestone Amid Currency Fluctuation ChallengesLegal Battle Looms Over Mandatory Registration for PoS Operators in NigeriaAirtel Payment Service Bank SmartCash, Hits 1.5 Million Active Users in March 2024Chipper Cash Resumes US Operations Following Service PauseNigeria Orders 1.9 Million PoS Agents to Register With CAC to Curb Fraudulent TransactionsZenpay, Zenith Bank’s Fintech Arm Teams Up With AfCFTA For Innovative Trade PortalNigeria’s Fiscal and Monetary Reforms Garner Positive Rating Boost from FitchCBN Directive Spurs Crackdown Amid Concerns Over Money Laundering And Terrorism FinancingNigeria’s Cryptocurrency P2P Market Predicted to Reach $500 Billion Amidst Regulatory CrackdownNigerian Logistics Company Renda Raises $1.9 Million in Pre-seed Round to Expand Across AfricaZimbabwe’s Newly Launched Currency ZIG, Faces Low Acceptance by CitizensZenith Bank Shareholders Endorse Transition to HoldCo StructureMTN Nigeria Fintech Records Marginal Revenue Increase in Q1 2024Unimpressive Q1 2024 Result: MTN Nigeria Committed to Stay Resilient Amid Challenging Operating EnvironmentTwiga Foods Announce Charles Ballard as New CEOStandard Chartered Bank Appoints Dalu Ajene as New CEO Nigerian Passport Ranked Amongst The Worst Top 10 Travel Documents GloballyHow Smartphone Adoption And Local Talent Are Powering Africa’s Gaming RenaissanceBreaking Barriers: How Mobile Banking is Bridging The Gender Gap in Financial InclusionKenyan-based Travel Booking Platform BuuPass Acquires QuickBus, to Expand to South Africa And NigeriaFlutterwave Readies For IPO Listing With Strategic MovesAfrican Pre-seed Investment Programme Madica, Backs Three Tech Startups Across The African ContinentNigeria Unveils First Multilingual AI-Language Model, Accelerates National AI StrategyNigeria Secures $600 Million Investment From Maersk For Seaport InfrastructureBank of Uganda Faces Backlash For Mandatory ID Verification on Digital Transactions Over $260South African fintech JUMO Secures Goldman Sachs Support For Asian Expansion67% of Nigerians Trust Bitcoin Over Traditional Banks For Savings – ReportFlutterwave Partners with Acquired.com to Enable Domestic Card Payments on Send AppNigeria’s Central Bank Denies Freezing Crypto Accounts, Issues Official StatementMTN South Africa Signs Partnership to Launch PayShapFirstBank Emerges as The Best Private Bank in Nigeria Flutterwave CEO named Vice Chair of US-Africa Business Center’s boardPula Raises $20 Million in Series B Financing to Support African Farmers10 Global Tech Companies Investing in AfricaBank of Uganda Faces Backlash For Mandatory ID Verification on Digital Transactions Over $260Four Nigerian Fintech Firms Suspend Account Opening For New Customers Following CBN Directiveillegal FX Transactions- Opay Closes Non-Complaint AccountsFuture of Work Like Remote Collaboration ToolsAdvanced progress in the workplaceNavigating the Landscape of Cryptocurrency TrendsAI in Healthcare: Game-Changer or Ethical Dilemma?Tech Giants Unite for Sustainability
Thu. Nov 21st, 2024
Bank of Uganda Faces Backlash For Mandatory ID Verification on Digital Transactions Over $260
Bank of Uganda Faces Backlash For Mandatory ID Verification on Digital Transactions Over $260

The Bank of Uganda’s recent directive requiring government-issued ID documents for all digital financial transactions exceeding one million Ugandan shillings ($260) has spurred backlash from citizens.  Several citizens argue that…

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Appointment

UBA Announces Appointment of Henrietta Ugboh as an Independent Non-Executive Director

UBA Announces Appointment of Henrietta Ugboh as an Independent Non-Executive Director
Banking

NDIC to Begin Heritage Bank Asset Sale in December Following License Revocation by CBN

NDIC to Begin Heritage Bank Asset Sale in December Following License Revocation by CBN
Banking

Access Bank UK Acquires Majority Stake in Mauritius’ Afrasia Bank

Access Bank UK Acquires Majority Stake in Mauritius’ Afrasia Bank
Uncategorized

First Bank Appoints Ebenezer Olufowose as New Chairman

First Bank Appoints Ebenezer Olufowose as New Chairman
Appointment

TymeBank appoints Karl Westvig as CEO

TymeBank appoints Karl Westvig as CEO
Appointment

First Bank of Nigeria Appoints Olusegun Alebiosu as Managing Director and CEO

First Bank of Nigeria Appoints Olusegun Alebiosu as Managing Director and CEO