Saturday, April 20, 2024
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Nigerian banks block MTN from banking channels

Nigerian banks have blocked MTN from their banking channels following a feud over fees charged for the service. MTN had reduced the banks’ commission from...

Nigeria targets diaspora remittances with ‘naira for dollar’ scheme

Banks in Nigeria are encouraging their clients to accept remittances in dollar from relations abroad for a reward. The scheme which was introduced by the...

Uganda: Hackers steal billions from telcos and banks

Investigations have begun into an electronic fraud incident in Uganda leading to the loss of billions of shillings. Unidentified hackers broke into the systems of...

Ghana’s govt concerned with ‘cash producer’ TV ads by traditional priests

Ghana's government is reportedly concerned with reports of local traditional priests advertising on TV as producers of cash or money. Across many TV platforms in...

How artificial intelligence helps banks, fintech startups, and users

Fintech startups and banks have always been at the forefront of tech adoption, and they’ve been curiously following the growth and development of AI...

Nigeria: Loan defaulters to lose deposits in other banks

Nigeria's Central Bank has announced that loan defaulters will now lose their deposits in other banks. The move is in an attempt to reduce the...

Sierra Leone launches Africa’s first blockchain online ID platform

Sierra Leone has become the first African country to launch a blockchain national digital identification platform. The country's President Julius Maada Bio officially launched the...

Why Nigeria is ordering banks to lend or face sanctions

Nigerian banks are being ordered to by the country's central bank to lend more or face higher cash reserve requirements. This is part of new...

Ghana: First Atlantic Bank denies not settling retrenched staff

First Atlantic Bank Ghana has denied accusations of flouting the Labour Act by refusing to compensate some of its retrenched staff. The Bank has been...

Ghana: First Atlantic Bank refuses to settle redundant staff

First Atlantic Bank in Ghana is dragging its feet to pay severance packages of Locked-out staff about 68, some of whom are pregnant women...

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