The Central Bank of Nigeria (CBN) is the country's apex monetary authority, established by the CBN Act of 1958 and officially commencing operations on July 1, 1959
This startup is betting on tap-to-pay in a transfer-dominated market
CashAfrica launched tap-to-pay functionalities on 1,000 PalmPay POS terminals in a pilot in 2025. The startup partnered with ChamsSwitch to improve payment switching and settlement processes.
MTN Nigeria shareholders to vote on fintech spin-off on Thursday
Shareholders of MTN Nigeria will vote on a restructuring plan on April 30. The restructuring will separate MTN Nigeria's fintech business from its core telecommunications operations.
New draft rules could reshape crypto in South Africa
The South African crypto industry is pushing back against the National Treasury's draft Capital Flow Management Regulations, which could impose strict controls on crypto transactions. Major players like VALR and Luno express concerns over the draft's provisions that could classify local crypto trade
Why Nigerian crypto startups are expanding beyond retail trading
Nigerian crypto startups are struggling with margin compression due to increased competition. Peer-to-peer trading became essential after the Central Bank of Nigeria barred banks from servicing crypto transactions.
Nigeria Government Wants To Invest $75 Million for Flutterwave’s Planned IPO
The Nigerian government announced plans to invest $75 million in Flutterwave's IPO. Flutterwave made a formal presentation to the Finance Minister and MoFI leadership.
