15 articles tagged
The Central Bank of Nigeria has mandated banks and fintech companies to undertake a cybersecurity self-assessment to bolster the resilience of the nation's financial sector.
Women are increasingly shaping the evolution of digital payments across West Africa, transforming monetary transactions and providing essential support to businesses. Through roles in various sectors, they are facilitating greater access to secure digital financial systems.
Financial technology company OPay has announced plans to launch a cybersecurity laboratory at the University of Calabar (UniCal). The initiative was disclosed during a visit to the university's vice chancellor.
Techmoni Africa has officially launched as a specialized online news outlet focusing on financial technology, blockchain, cryptocurrency, decentralized finance, and forex trading across the continent. This publication aims to provide authoritative insights into the growing digital finance sectors in Africa.
OPay has been making visible appearances across Lagos in recent days, with installations set up at Obalende Motor Park, Computer Village, and Ikeja City Mall. These activations have sparked significant public curiosity and online discussion regarding the company's next move.
OPay has rejected the circulating reports claiming that its Lagos and Abuja offices were sealed by the Nigeria Revenue Service over tax infractions, labeling these allegations as erroneous. The fintech firm affirms that its operations continue uninterrupted.
The Central Bank of Nigeria enhances its gold reserves to $3.5 billion while the Senate proposes to designate it the leading regulator for the fintech sector and combat Ponzi schemes.
The Senate Committee on Banking has called on the Central Bank of Nigeria (CBN) to intensify its regulatory oversight of the fintech sector in order to mitigate the risks associated with financial fraud. The committee emphasized the need for legislation to bring fintech operations under the bank's jurisdiction.
A proposed legislation seeking to create a regulatory body for the fintech sector has polarized stakeholders, with fintech operators cautioning against regulatory overlaps, while telecommunications and agent associations advocate for centralized oversight.
The city of Kigali will become the focal point for the global fintech community from March 10 to 12, 2026. This significant event will gather industry leaders, entrepreneurs, and policymakers to explore advancements and challenges in financial technology.
The Central Bank of Nigeria (CBN) has reported a substantial increase in transactions conducted via the NIBSS Instant Payments Platform (NIP), marking a 120% rise from 5 billion transactions in 2022 to 11 billion in 2024.
Wema Bank has launched an upgraded version of its digital banking app, ALAT, introducing a voice-enabled transaction feature powered by an AI virtual assistant named "SAW." This new functionality aims to streamline banking operations for users by allowing them to perform transactions via voice commands.
![The Central Bank of Nigeria, CBN. [PHOTO CREDIT: Ehud Kaduna]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2022/01/20200913_161409-scaled-e1652250793565.jpg?resize=1140%2C570&ssl=1)
The Central Bank of Nigeria has upgraded the licenses of various digital lenders and microfinance banks, indicating an effort to align regulatory oversight with the expanded operations of these companies.
In Nigeria, just like electricity and water, reliable payment systems are essential for everyday transactions. With money now frequently moving through digital means, the need for consistent payment solutions has never been greater.
SpendEase has officially launched a new digital payment platform aimed at facilitating cross-border transactions within Africa, specifically targeting Nigeria, Ghana, Kenya, and South Africa.
