30 results
- 17 Apr 2015
MasterCard Partners AFI Network Regulators to Advance Financial Inclusion
MasterCard and the Alliance for Financial Inclusion (AFI) signed a strategic partnership agreement that will enable a close collaboration within AFI’s Public-Private Dialogue Platform (PPD). Launched…
- 21 Jul 2015
AFI, MasterCard Host over 50 Policymakers & Regulators for Africa’s Financial Inclusion
The Alliance for Financial Inclusion (AFI) and MasterCard, with support from the Bill & Melinda Gates Foundation, on Monday implemented a first of its kind technical capacity building workshop…
- 15 Dec 2023
IMF Seeks Stronger Cryptocurrency Regulation for Macro-financial Stability
The International Monetary Fund (IMF) has warned that the widespread adoption of cryptocurrencies could undermine and pose serious consequences for the macro-financial stability of countries. The…
- 28 Apr 2020
Regulators Urged to Allow Cloud Tech in Financial Services
African regulators have to support and approve the use of cloud technology within the financial sector, says a new industry report. The study, Cloud Banking in Africa: The Regulatory Opportunity, by…
- 16 Oct 2017
Policy, Regulation Should Bolster Innovation To Ensure Financial Inclusion Is Achieved
By Daniel Monehin Walk through bustling marketplaces in Africa and you will see a substantial amount of money changing hands, as merchants and consumers haggle over the goods and services. What…
- 15 Aug 2021
EMTECH, Global InfoSwift Partner to Provide Capacity Building on Regulatory Sandbox, Others for Nigerian Financial Sector
EMTECH, a Fintech for Central Banks and GIC announce its partnership to deliver capacity building in three core and interrelated areas: Central Bank Digital Currency, Regulatory Sandbox Framework,…
- 12 Sept 2018
CBN Sanction: A Dis-Incentive To Capital Investment
By Cheku Alkali A fundamental objective of financial regulation is the safety and soundness of financial institutions, and the ability of regulators to mitigate systemic risk through effective…
- 16 May 2024
Court Backs CBN, Directs Banks to Collect Customer’s Social Media Handles
Federal High Court sitting in Lagos has held that a Central Bank of Nigeria (CBN) regulation, which requires financial institutions to demand and collect the social media handles of their customers,…
- 26 Oct 2022
Banker, Regulator Agree Chat Commerce can Radically Shift Financial Inclusion in Nigeria
Clickatell, the Chat Commerce and business messaging leader, discussed with attendees at Clickatell’s Connect Interact and Transact (CIT) annual event earlier this month how they could drive…
- 22 Sept 2014
IFC, Bank Al-Maghrib Partner to Expand Access to Credit in Africa
IFC, a member of the World Bank Group, and Bank Al-Maghrib, the Central Bank of Morocco, will organize an international symposium to train African and MENA central banks and financial regulators on…
- 17 Dec 2023
US Identifies Use of AI as Risk in Financial System
Financial Stability Oversight Council (FSOC), United States regulators have identified the use of artificial intelligence as vulnerability in the financial system for the first time, according to a…
- 3 Jun 2021
EFInA Report says 51% of Nigerian Adults have Access to Financial Services
Efforts by the Central Bank of Nigeria to drive financial inclusion across the nation is yielding result, as over 50 percent of Nigerian adults are using formal (regulated) financial services. This…
- 5 Jul 2026
Tokenization, Blockchain Technology will Transform Financial Institutions – IMF
International Monetary Fund (IMF) has projected that tokenization and blockchain technology will fundamentally transform global financial market infrastructure (FMI), but insisted that regulated…
- 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…
- 21 Apr 2020
Cloud Computing Solutions Can Assist Significantly to Reduce Banking Costs in Africa - Report
More than 700 million Africans lack access to a bank or mobile money account and only 41% of Africans are financially included. This is due to the high cost of providing financial services in Africa…
- 29 Dec 2024
NGX Fines 20 Firms N255.53m for Financial Statements Filing Default
NGX Regulation Limited, a subsidiary of the Nigerian Exchange Group (NGX Group) has fined N255.53 million on 20 listed companies for failing to file their financial statements after the regulatory…
- 26 Mar 2019
FXTM Extends Footprint to Mauritius
FXTM has announced the addition of another licence to its growing portfolio of regulated entities with the Financial Services Commission (FSC) of the Republic of Mauritius as part of its monumental…
- 7 Oct 2015
AfDB, IMF Host Training on Financial Soundness for Officials from Nigeria, Others
Under the Joint Partnership for Africa (JPA) Program, the African Development Bank, through its African Development Institute (EADI) and in collaboration with the International Monetary Fund (IMF),…
- 11 Mar 2017
NCC, CBN Get Reprieve for Etisalat
Reprieve came for Mobile Network Operator, Etisalat on Friday's following a meeting convened by financial regulator, Central Bank of Nigeria (CBN) and telecom regulator, Nigerian Communications…
- 11 May 2020
Regulation Limits Cloud Opportunity for African FSPs
African financial service providers (FSPs) stand to benefit hugely from cloud banking but are limited by regulations. This is according to a recent report Cloud Banking in Africa: The Regulatory…
- 23 Feb 2022
EMTECH, Global InfoSwift Consulting (GIC) Launch ‘FINREG Learn’ for Financial Services Providers
EMTECH, a fintech for central banks and regulators, and Global Infoswift Consulting (GIC) has unveiled FINREG Learn (finreglearn.org), a capacity-building event in three core and interrelated areas:…
- 18 Jul 2019
NFIU to Clampdown on Shell Companies
Nigeria Financial Intelligence Unit (NFIU), said it will start crackdown on ghost businesses across the country, amidst concerns about lax regulation of companies’ financial dealings. NFIU, is…
- 13 Jun 2023
We are Positioning for Digital leadership and Market Dominance - Adekunle Sonola, CEO Polaris Bank
Polaris Bank, Leading digital financial institution, has assured its customers, financial sector stakeholders, and regulators that the Bank passed its road to recovery years back. Adekunle Sonola,…
- 12 Aug 2026
AFC Raises $430m in Digital Bond to Deepens Digital Financial Infrastructure
The Africa Finance Corporation (AFC) has raised CHF350 million, about $430 million, through a five-year digital bond, marking a major step in the use of regulated digital financial infrastructure by…
- 4 Feb 2016
Terra Launches Pulse to Improve Quality of Remittance Reporting
Terra, a mobile-first international payment network, incubated by Mahindra Comviva, has announced the launch of Terra Pulse to help financial authorities and regulators accurately measure…
- 27 Jan 2025
CBN Waives 2025 Licence Renewal Fee for Bureaux de Change Operators
Central Bank of Nigeria (CBN) has waived the 2025 licence renewal fee for all bureaux de change (BDC) operators. Jonah Onojah, director of the financial policy and regulation department, announced…
- 25 Jul 2021
Panic Withdrawal: Zenith Bank not Distressed- CBN
Central Bank of Nigeria (CBN), the financial regulator has reiterated the resilience, safety and soundness of Nigerian Deposit Money Banks (DMBs) and other financial institutions under its…
- 29 May 2026
FidBank UK Broadens Investment Pathways for Nigerians into the UK Market
Leading financial institution, Fidelity Bank Plc’s international subsidiary, FidBank UK Limited, has announced a commitment to support Nigerians – both individuals and corporations – in acquiring…
- 4 Oct 2023
Sterling Urges Collaboration for Improved Cybersecurity
Sterling Financial Holdings Company has said that it is actively driving collaboration and partnerships with regulators, infrastructure providers, operators, and other financial services providers to…
- 21 Sept 2022
The Wirecard Scandal, Lesson for Africa’s Fintech and Regulators
By Emmanuel Okoegwale, A Television documentary titled 'Skandal! Bringing Down Wirecard’ caught my attention on Netflix during the weekend. Years back, I had met an executive of the firm when He…