| Nigeria banks: Likely winners and losers from the central bank's new capital rules
April 8, 2024-- Excluding retained earnings from the new capital threshold puts Nigerian bank shareholders at the sharp end. |
| New capital requirements for Nigerian banks are likely to trigger a process of industry consolidation, experts say.
Commercial banks in Nigeria with international authorisation will need capital of N500bn ($380m), or 10 times the current requirement, according to new rules issued by the central bank at the end of March. Domestically authorized banks will need N200bn, an eightfold increase. |
| Africa's Debt Crisis Under-Reported-AFRODAD March 30, 2025-AFRICAN Forum and Network on Debt and Development (AFRODAD) Executive Director Jason Braganza has expressed concern over how challenges arising from debt servicing to international monetary facilities by African countries are going unreported due to lack of information and statistics among other challenges. |
| Africa's Digital Payments Economy to Reach $1.5trn By 2030-Report March 27, 2025-A recent Mastercard-commissioned report by Genesis Analytics has stated that the digital payments economy in Africa would continue to grow, with a projection that is expected to reach $1.5 trillion by 2030. |
| Bitcoin Price Trends and the Future of Digital Transactions in Africa March 24, 2025--There's an increasing acceptance of Bitcoin on the African continent. More businesses, individuals and even financial organizations are using cryptocurrency to transact as an alternative to traditional banking systems. |