Money Market

American Express, Ecobank Group Sign MoU to Expand American Express Acceptance in 21 Countries in Sub-Saharan Africa

Through this agreement, American Express Card Members will be able to use their Cards in twelve new countries: Burundi, Central African Republic, Gabon, Guinea-Bissau, Liberia, Malawi, Mali, Niger, São Tomé and Príncipe, Sierra Leone, The Gambia, and Togo May 29, 2024/Ecobank American Express and Ecobank Group, the leading pan-African financial […]

PalmPay Champions Trust as Key to Africa’s Last Mile Financial Inclusion Drive

For digital payment platforms in the African FinTech space to thrive, transparency in their processes is vital May 29, 2024/PalmPay PalmPay, an African-focused fintech company, has emphasized the importance of building customer trust among stakeholders in the FinTech industry across Africa, saying that trust was essential to achieving last-mile access […]

CBN Publishes New Regulatory, Supervisory Guidelines Directing BDCs to Reapply for New Licenses

May 23, 2024/CBN The Central Bank of Nigeria (CBN) has issued new Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria. These guidelines mandate all operators and promoters of proposed BDCs to reapply for new licenses in Nigeria. The Draft Operational Guidelines for BDC Operations released in February […]