Governance & Policy

EXCLUSIVE

Uganda to provide Internet access to over 1.5 million refugees to help them develop digital skills

EXCLUSIVE

Kenya’s telcos partner China’s mobile device dealer, Shenzhen, to launch locally assembled smartphones

EXCLUSIVE

Somalia’s Central Bank launches QR Code standard to drive cashless transactions 

The governor of the Central Bank of Somalia with representatives of Somali banks

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Kenyan payment services provider, Pesapal loses $1.65 million tax appeal 

fintech compliance

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Nigerian banks and institutions fined over N200 million for data privacy violations

data

EXCLUSIVE

Domiciliary account holders in Nigeria can now withdraw up to $10,000 daily 

CBN building. Image credit: Businesstimes.ng

EXCLUSIVE

Naira float 2023: An economic leap or will Nigerians pay the price again?

EXCLUSIVE

Nigeria’s President signs Data Protection Bill 2023 into law. What it means for you

Nigeria's President signs Data Protection Bill 2023 into law

EXCLUSIVE

Nigeria floats the naira as official exchange rate falls to ₦‎664/$1. Here’s what you should know

Money pouring on someone's hand like rain. Used to depict a naira float, following the country's announcement

EXCLUSIVE

12 burning questions about Nigeria’s student loan bill, answered

Students checking their jamb results via SMS

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One of Nigeria’s longest-serving CBN governors, Godwin Emefiele has been suspended

EXCLUSIVE

Senegal’s Internet shutdown costs the country over $300k every 60 minutes

A picture of two security operatives holding guns and walking by a burning vehicle

EXCLUSIVE

Why CBN revoked over 100 microfinance banks’ licences

EXCLUSIVE

Will your BVN expire? CBN says no, but a now-deleted/restricted page says otherwise

EXCLUSIVE

What is Nigeria’s blockchain policy, and why should you care? 

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Why Kenya wants to tax content creators and influencers 

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Ghana’s Driver and Vehicle Licensing Authority pauses collection of Digital Transport Fees 

Uber

EXCLUSIVE

CBN affirms that old ₦‎200, ₦‎500, and ₦‎1,000 remain legal tender

CBN building. Image credit: Businesstimes.ng

EXCLUSIVE

One week after the Supreme Court ruling, Nigerians remain stranded as the CBN is yet to issue a statement

EXCLUSIVE

Nigeria’s Central Bank issues open banking operational guidelines

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Uganda to provide Internet access to over 1.5 million refugees to help them develop digital skills

The Ugandan government has partnered with the World Bank to provide Internet access to Uganda’s refugee communities. This collaboration will reportedly help over 1.5 million refugees improve their digital and employability skills.

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Kenya’s telcos partner China’s mobile device dealer, Shenzhen, to launch locally assembled smartphones

Safaricom and Jamii Telecommunications have partnered with China’s mobile device dealer, Shenzhen, to support the establishment of a low-cost smartphone manufacturing facility in Kenya.

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Somalia’s Central Bank launches QR Code standard to drive cashless transactions 

Somalia has taken one more step towards improving digital payments with the launch of a QR code standard.

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Kenyan payment services provider, Pesapal loses $1.65 million tax appeal 

Pesapal’s attempt to have a $1.65 million tax charge dismissed has failed after a Kenyan tribunal struck out its appeal.

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Nigerian banks and institutions fined over N200 million for data privacy violations

Several banks and institutions in Nigeria have paid over N200 million to the Federal Government as penalties for violating the data privacy of Nigerian citizens.

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Domiciliary account holders in Nigeria can now withdraw up to $10,000 daily 

As part of ongoing reforms at the Central Bank of Nigeria, domiciliary account holders can now withdraw up to $10,000 daily.

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Naira float 2023: An economic leap or will Nigerians pay the price again?

We’ve seen explainers on the CBN’s naira float, so it’s time to start asking questions. The apex bank floated the naira in 2016, and it failed woefully. What happened then, and how’s the 2023 iteration going to be different?

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Nigeria’s President signs Data Protection Bill 2023 into law. What it means for you

Every day, companies around the Internet collect data on Nigerians with little to no safety precautions. That is about to change as Nigeria’s President signs a data protection bill into law. Here are some key highlights companies and individuals will find interesting.

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Nigeria floats the naira as official exchange rate falls to ₦‎664/$1. Here’s what you should know

Nigeria has floated the naira, so banks and other forex players can now trade freely. Official exchange rates have fallen to a historic ₦‎664/$1. Here’s what the naira float means for you, your bank, and your fintechs

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12 burning questions about Nigeria’s student loan bill, answered

President Bola Ahmed Tinubu, has signed the student loan bill into law, to provide interest-free loans for Nigerian students. We answer 12 burning questions about how the loan works and how you could help.

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One of Nigeria’s longest-serving CBN governors, Godwin Emefiele has been suspended

Godwin Emefiele is the second longest-running Governor, serving since 2014. However, his nine-year reign might be coming to an end.

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Senegal’s Internet shutdown costs the country over $300k every 60 minutes

Violent protests have erupted in Senegal, and 15 people have been confirmed dead. The government has also shut down the Internet saying hateful messages were being disseminated. However, it is costing the country $300k every hour.

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Why CBN revoked over 100 microfinance banks’ licences

The Central Bank of Nigeria (CBN) has revoked the licence of over 100 microfinance banks for reasons related to not operating according to the guidelines of which their licences were issued.

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Will your BVN expire? CBN says no, but a now-deleted/restricted page says otherwise

After reports surfaced about the ten-year expiry date for BVNs, the CBN has come out to deny them. However, a search of the CBN’s BVN FAQ page confirms the existence of a document stating that BVNs will expire after ten years.

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What is Nigeria’s blockchain policy, and why should you care? 

The Nigerian government approved the national blockchain policy on May 3, 2023. But what does this mean for the country and why should Nigerians care?

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Why Kenya wants to tax content creators and influencers 

The Kenyan Revenue Authority has indicated an interest in taxing content creators in amendments made to the Finance Bill. Should the amendments be approved by President William Ruto, content creators will pay a 15% withholding tax.

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Ghana’s Driver and Vehicle Licensing Authority pauses collection of Digital Transport Fees 

Few days after new fees for ride-hailing users in Ghana came into force, the Driver and Vehicle Licensing Authority (DVLA) of Ghana has instructed ride-hailing companies to stop collecting digital transport fees.

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CBN affirms that old ₦‎200, ₦‎500, and ₦‎1,000 remain legal tender

The Central Bank of Nigeria has issued an official statement endorsing the use of old banknotes as legal tender.

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One week after the Supreme Court ruling, Nigerians remain stranded as the CBN is yet to issue a statement

Despite a Supreme Court ruling, the CBN’s silence over the status of old naira notes means many Nigerians remain stranded.

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Nigeria’s Central Bank issues open banking operational guidelines

The Central Bank of Nigeria has issued operational guidelines for open banking.

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