30 results
- 29 Jul 2022
Central Bank of Kenya Bars Banks from Dealing with Flutterwave, Chipper Cash
Central Bank of Kenya (CBK), Kenya’s apex bank, has instructed commercial banks in the country to stop dealing with Nigerian fintechs, Flutterwave Payment Technology and Chipper Technologies. The CBK…
- 22 Jul 2019
Why Central Banks Need to Take Human Rights More Seriously
Many central banks are rethinking their approach to the environmental and social impact of their operations. According to Danny Bradlow, SARCHI Professor of International Development Law and…
- 21 Mar 2024
Access Bank to Acquire National Bank of Kenya
Access Holdings Plc has entered into a binding agreement with Kenyan-based KCB Group Plc for the acquisition of the entire issued share capital of National Bank of Kenya Limited. The deal will see…
- 26 Mar 2026
Moniepoint Seals 78% Stake in Kenya's Sumac Bank for East Africa Push
Nigerian fintech unicorn Moniepoint Inc. has finalised its acquisition of a 78% stake in Kenya's Sumac Microfinance Bank, gaining a key deposit-taking licence for credit expansion in East Africa's…
- 17 Aug 2020
COVID-19: CBN of Little Help to Banks - Fitch Ratings
Fitch Ratings, leading global rating agency, has said the Central Bank of Nigeria (CBN) punishes rather than help banks through the crisis caused by the coronavirus (COVID-19) crisis. Mr. Godwin…
- 14 Apr 2025
Kenyan CBN Okays Access Bank Full Acquisition Of NBK
Access Bank, a subsidiary of Nigeria’s Access Holdings Plc, has received final regulatory approvals to acquire 100 per cent shareholding of the National Bank of Kenya (NBK), marking a significant…
- 2 Dec 2018
PoS Innovation Summit Drives Acceptance of SANEF
The establishment of Shared Agent Network Expansion Facility (SANEF), powered by the Central Bank of Nigeria and Deposit Money Banks, aims to accelerate financial inclusion in Nigeria. The fourth…
- 9 Aug 2026
Interswitch, Temenos Commit to Advancing Nigeria’s Digital Banking Technology
Interswitch Group, an integrated digital payments and commerce company, together with global banking software provider, Temenos have reassured the Central Bank of Nigeria (CBN) of their commitment to…
- 15 Feb 2024
PAPSS Admits Tunisia as 13th Member
The Pan African Payment and Settlement System (PAPSS) has added Banque Centrale de Tunisie as its thirteenth Central Bank member. According to PAPSS, this strengthens its commitment to promote…
- 3 Mar 2016
CBN Approves Interswitch FIS, Firm Kick starts Aggressive Agency Banking Network
Central Bank of Nigeria (CBN) has granted an Approval-in-Principle to Interswitch Financial Inclusion Services (IFIS), a subsidiary of Interswitch Group that has a mandate to grow an active Agent…
- 12 Jun 2022
CBN to Introduce USSD Code to Improve eNaira
The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central Bank Digital Currency (CBDC). Kingsley Obiora, deputy…
- 2 Feb 2024
UBA Group Appoints Mary Mulili, Mohamed Alhajie Samoura as MD/CEO in Kenya, Sierra Leone
United Bank for Africa (UBA) Plc , Africa’s Global Bank, has announced the appointments of Ms. Mary Mulili and Mr Mohamed Alhajie Samoura, as the new Managing Directors/Chief Executive Officers of…
- 23 Jan 2026
Zenith Bank Gets Regulatory Approval for Full Takeover of Paramount Bank
Zenith Bank, Nigeria’s second biggest lender by market value, has received approval from the Competition Authority of Kenya (CAK) to acquire 100 percent of Paramount Bank Limited, clearing a key…
- 5 May 2009
A Case for Mobile Banking in Nigeria
Nigeria is on the verge of mobile banking explosion, a phenomenon which is expected to push up the number of the banked in the country from a pathetic 15 per cent mark. Recently, the Central Bank of…
- 27 Feb 2014
AITEC Shocked by Sanusi’s Suspension, Postpones BMM Conference
AITEC Africa has postponed it banking and mobile money conference earlier scheduled for March 12 and 13, citing the suspension of Malam Sanusi Lamido Sanusi, governor, Central Bank of Nigeria (CBN)…
- 25 Apr 2024
Confusion as CBN Deletes, Reinstates Tweet Calling Crypto-Related Directive Fake
Central Bank of Nigeria (CBN) has been forced to deny a report saying it issued a directive requiring all banks and financial institutions to identify individuals or entities engaging in transactions…
- 17 May 2026
Chapel Hill Denham Says Banks Lose N2.5 Trillion Annually to High CRR in New Report
Nigeria’s banking sector is losing an estimated N2.5 trillion in annual earnings due to the Central Bank of Nigeria’s high Cash Reserve Ratio (CRR) policy, according to a new report by Chapel Hill…
- 7 Nov 2023
Bhambani, Flutterwave CFO Resigns amidst $50m IPO Plans
Oneal Bhambani, chief financial officer (CFO) at Flutterwave, has resigned, just over a year after joining the Africa's leading payments company. Bhambani, took to his LinkedIn to make the…
- 22 Dec 2008
Zain Pilots Zap Money Transfer Service
Zain is set to launch a mobile money transfer service known as Zap, which is expected to be used across Africa and the Middle East. The pilot project will roll out in Madagascar, Kenya, Tanzania and…
- 22 Jul 2018
Stakeholders Seek Digitalization of Retail Payment System
Stakeholders in the financial technology ecosystem have thrown their weight behind digitalization of retail payment system in the country as a boost to financial inclusion initiative of the Central…
- 16 Feb 2023
CBN Renews Cellulant’s Operating License in Nigeria
Central Bank of Nigeria (CBN) has renewed Cellulant’s Payment Service Solution Provider License in Nigeria. This license enables Cellulant to continue providing online and offline payment solutions,…
- 16 Feb 2023
CBN Renews Cellulant’s Payment Service Solution Provider Licence
The Central Bank of Nigeria (CBN) has renewed Cellulant’s Payment Service Solution Provider License in Nigeria. This license enables Cellulant to continue providing online and offline payment…
- 14 Jan 2013
Lemo Spurns Mpessa, Says Nigeria Won’t Licence Telcos
Tunde Lemo, deputy governor, Operations, at the Central Bank of Nigeria (CBN) has pooh-poohed what appeared to be the global model for mobile money payment system, the Kenya Mpessa stating that it…
- 11 Nov 2018
Lack of Regulation in Blockchain Space Forces Investment out of Nigeria
The inability of Central Bank of Nigeria (CBN) to provide regulatory framework that will guide financial services using blockchain technology is taking toll on the economy as investments meant for…
- 19 Nov 2014
ActivEdge Partners Riverbank Solutions to Deliver Electronic Journal Manager
ActivEdge Technologies Limited, one of the fastest growing Pan African Information Technology Company has teamed up with its Kenyan partner, Riverbank Solution to build a multiplatform Electronic…
- 9 May 2019
Abdoul Aziz Dia Joins Group Board of Directors of UBA
United Bank for Africa(UBA) has announced that Mr Abdoul-Aziz Dia will join the bank’s Board of Directors subject to the approval of the Central Bank of Nigeria (CBN). Mr Dia, a Senegalese…
- 19 Dec 2019
Carbon Expands into Kenya
Carbon, Nigeria’s foremost digital financial services company, has launched into Kenya. Kenyans will now be able to access instant loans, from Ksh 500 to 50,000, using their National ID number and a…
- 5 Jun 2016
Mobile Money Operators Miss Deadline on N2Bn Capitalization
Some mobile money operators in the country have missed Central Bank of Nigeria (CBN) deadline on N2billion capitalization requirements, Nigeria CommunicationsWeek has learnt. The apex bank had issued…
- 8 Feb 2010
COMESA Bankers to Gather in Nairobi for Innovation Boost
The first decade of the new millennium has probably been the most traumatic ever for the international banking industry. Added to that, the African region’s mobile banking boom opens up a wide…
- 5 Apr 2017
Kaspersky Exposes How Hackers ‘Lazarus Group’ Terrorise Banks
The results of its more-than-year-long investigation into the activity of ‘Lazarus’, a notorious hacking group allegedly responsible for the theft of 81 million dollars from the Central Bank of…