Nigeria leads Africa’s fast-growing digital payments space as instant payment transactions climbed close to $2 trillion in 2024. This is according to the new report, "State of Inclusive Instant Payment Systems (SIIPS) 2025," released by the AfricaNenda Foundation in partnership with the World Bank and the United Nations Economic Commission for Africa (UNECA). The report …
No fewer than eight African countries are currently studying Nigeria’s data protection ecosystem. The move follows Nigeria’s growing influence in data privacy regulation across the continent. The Nigeria Data Protection Commission (NDPC) has received delegations from several African nations. The visits focus on regulatory experience, institutional frameworks, and practical lessons for running effective data protection …
Nigeria’s external reserves have witnessed a surge in recent times, reaching a seven-year high of $46.7 billion as of November 14. According to the Central Bank of Nigeria (CBN), the figure can provide 10.3 months of import cover in goods and services. The CBN Governor, Olayemi Cardoso, hinted at this at the 20th Anniversary of …
Forty-one African countries experienced over 190 internet shutdowns between 2016 and 2024, a new research by members of the African Digital Rights Network has shown. Convened by the Institute of Development Studies, the report is featured in the book ‘Internet Shutdowns in Africa’. It indicates that the number of internet shutdowns across the continent has …
