Nigeria’s central bank, NIBSS launch regulatory sandbox to empower fintechs

Central Bank, Deputy Governor, CBN

Financial technology firms (fintechs) in the country would now have a regulatory sandbox to facilitate digital innovation that will eventually ensure financial inclusion. This followed the Central Bank of Nigeria (CBN) and Nigeria Interbank Settlement System (NIBSS)’s unveiling of the regulatory sandbox in Abuja recently. Tagged, “Financial Industry Sandbox,” the move will be coordinated by […]

Amazon boasts record £2.5bn sales for small British business

Amazon has emerged as a booming source of international sales for small British businesses, with exports from British sellers increasing by a quarter last year. Exports across the web retailing giant’s global empire from UK sellers increased to £2.3bn last year, up from £1.8bn a year ago, the company said. On Wednesday it announced a […]

Nigeria’s debt office offers 2,3-year savings bond for subscription at 12 – 13% interest per annum

Nigeria’s Debt Management Office (DMO) Monday offer for public subscription two and three-year savings bonds at 12 and 13 percent interest rate respectively. The offer for the two-year FGN Savings Bond due October 18, 2019 at 12.059 percent per annum closes October 9, 2017. On the other hand the three-year bonds due October 18, 2020 at 13.059 percent per annum would close October […]

Singapore startup takes Bitcoin into real world with Visa

Matched photo of Bitcoin and Visa card Businessamlive

A recurring challenge for Bitcoin and other cryptocurrencies is how to make them work in the real world. A Singapore-based startup says the answer is its Visa card. TenX is pitching its debit card as an instant converter of multiple digital currencies into fiat money: the dollars, yen and euros that power most everyday commerce. […]

DavoDani offers ICAN’s SME members access to micro credit

  A Lagos-based financial institution, DavoDani Microfinance Bank Ltd, has offered to partner with the Institute of Chartered Accountants of Nigeria (ICAN) in the provisions of micro, medium and small scale financial Services to the institute’s members and staff under the Institute Entrepreneurial Empowerment Initiative/Programme. The bank made the offer when its board and management, […]