| 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 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. |