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Nigeria's fintech

Nigeria’s Central Bank to Regulate New Fintech Products

The Central Bank of Nigeria (CBN) has launched a new regulatory framework for sandbox operations in the country which aims to provide regulatory supervision for fintech innovations. The sandbox is a mechanism which firms use for the live testing of new technological products, services, distribution channels or business models. The […]

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Mark Zuckerberg Loses $7B As Companies Stop Facebook, Instagram Ads

Mark Zuckerberg Loses $7Bn As Top Companies Stop Facebook, Instagram Ads

Facebook shares on Friday fell by 8.3% after consumer goods giant Unilever joined other brands in boycotting ads on the social network to protest The #StopHate4Profit campaign. The 8.3% share-price drop eliminated $56 billion from Facebook’s market value and pushed Mark Zuckerberg’s net worth down to $82.3 billion The #StopHate4Profit campaign […]

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Zimbabwe Suspends Mobile Money Platforms, Stock Exchange Trading

Zimbabwe Government Suspends Mobile Money Platforms and Stock Trading

The government of Zimbabwe on Friday suspended transactions on all mobile money platforms and Zimbabwe Stock Exchange due to complicit in illicit activities being conducted on these platforms. The government of Zimbabwe claims “Ecocash” is the centre pivot of this problem and its resultant impact on the Zimbabwe economy. Ecocash, […]

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