Wema Bank increases foreign currency spending limit on Naira cards
Wema Bank has resumed international transactions on naira cards, the bank has also increased its monthly spending limit to $500.
Access Bank wants to acquire StanChart's Sub-Saharan Africa subsidiaries
Access Bank has completed talks for the acquisition of Standard Chartered Bank's subsidiaries in Africa. The deal is pending regulatory approval and will be completed in 2024.
CBN to halt controversial social media KYC requirement
The House of Representatives has adopted a motion asking the Central Bank of Nigeria to suspend the implementation of the social media KYC requirement that was introduced last month.
Kenya withdraws 30% shareholding rule for Big Tech
Kenya has reversed its shareholding rule that insists that Big Tech companies must sell 30% of their shares to Kenyan locals.
Flutterwave is partnering with IATA to facilitate flight payments in sub-Saharan Africa
Flutterwave has joined International Air Transport Association's payment orchestration platform to enable global airlines to collect local currencies.
Uganda to impose 5% tax on non-resident digital companies
The Ugandan government wants to impose a 5% tax on non-resident digital companies, including Meta, Facebook, Netflix and Google.
Flutterwave launches Tuition, responds to growing FX demand for international school fees
Flutterwave has launched Tuition to allow African users to pay various fees to educational institutions within Africa and overseas using their local currencies.