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Nigeria: CBN Orders Banks, Fintech Firms to Make GPS Tracking Mandatory for PoS Terminals

Central Bank · Nigeria

Nigeria: CBN Orders Banks, Fintech Firms to Make GPS Tracking Mandatory for PoS Terminals

Coverage: 2 sources

The CBN also directed payment companies to adopt a new global standard for transaction messages, known as ISO 20022, by 31 October.See the Story

Nigeria Reviewing Investment Rules for $17 Billion Pension Funds

Infrastructure · Nigeria

Nigeria Reviewing Investment Rules for $17 Billion Pension Funds

100% Left coverage: 1 sources

Nigeria is set to increase the proportion of funds that its $17 billion pension industry can invest in infrastructure and private equity in a bid to boost returns on retirement savings.See the Story

Jumia names Axian Telecom founder to board as takeover talk intensifies

Jumia names Axian Telecom founder to board as takeover talk intensifies

E-commerce giant Jumia has filed a petition to appoint Hassanein Hiridjee, the founder and director of Axian Telecom, Africa’s sixth-largest telecommunications company, to its Supervisory Board. The move follows the resignation of Angela Mwanza, a managing director at Rockefeller Capital Management, who stepped down in June after serving on the board since 2019. Her exit, along with that of another board member, Ms. Elizabeth Huebner, left the …See the Story

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