Nomba Partners UK Fintech Volume to Enable Direct GBP Payments for...

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Nigerian fintech Nomba has partnered with UK-based payment solution Volume to allow Nigerian businesses collect British Pound (GBP) payments directly from bank accounts in...

CBN Upgrades Opay, Moniepoint, Kuda to National Licences

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The Central Bank of Nigeria (CBN) has upgraded the operating licences of major FinTech companies and microfinance banks, including OPay and Moniepoint, to national status, allowing them...

PayPal Scrambles to Reassure Users After Major Payment Disruption in Germany

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PayPal (PYPL.O) says it is working to resolve any lingering issues following a widespread outage that disrupted payments across Germany this week, sparking concern...

PayPal to Enable Crypto Payments for Merchants, Tapping Over 100 Digital...

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In a bold expansion of its cryptocurrency strategy, PayPal Holdings Inc. has announced a groundbreaking feature that will allow merchants to accept over 100...

Naira Depreciates Slightly at Official Market, Gains at Black Market

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The Nigerian naira recorded a marginal depreciation at the official foreign exchange market on Thursday, according to data released by the Central Bank of...

UBA, Wema, GTBank Resume International Transactions on Naira Cards After 3-Year...

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In a major boost for Nigerian cardholders, three leading commercial banks—United Bank for Africa (UBA), Wema Bank, and Guaranty Trust Bank (GTB)—have reinstated international...

CBN Implements Transitional Measures for Select Banks Amid Recapitalisation Drive

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The Central Bank of Nigeria (CBN) has reiterated the strength and stability of the country’s banking sector while rolling out transitional measures for banks...

Access Bank completes acquisition of National Bank of Kenya

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Access Bank Plc and KCB Group Plc have formally announced the successful completion of the sale of National Bank of Kenya Limited to Access...

NDIC raises deposit insurance coverage level for banks nationwide

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The Nigeria Deposit Insurance Corporation has announced a revision in the Maximum Deposit Insurance Coverage for banks in the country. At a press conference in...

CBN stops Moniepoint, Palmpay, Opay, Kuda from onboarding new customers following...

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The Central Bank of Nigeria (CBN) has directed four fintech companies to suspend onboarding new customers until further notice temporarily. The fintech startups listed earlier...