06/07/2021

Bridging gaps in remittances with new solutions

The economic benefits of remittance inflows to Africa have contributed to the funding of cash and non-cash investments, thus fueling new businesses, settling family debts and reducing income inequality.

06/04/2021

CBN disburses N253bn to households, SMEs

The Creativity Industry Financing Initiative (CIFI) has also provided loan facilities for 341 beneficiaries across movie production, movie distribution, music and software development.

06/03/2021

Operators Warn against Cybercrime

In his welcome address, the President of NCS, Prof. Adesina Sodiya said NCS observed that cyber attacks in Nigeria was on the increase, based on current local and International reports that were alarming.

05/28/2021

CBK hands Spire Bank emergency cash lifeline

The CBK “discount window” facility is traditionally a last resort for distressed banks after exhausting all other avenues, including borrowing from each other.

05/26/2021

Tough inflation test as CBK team meets

Analysts say though that while inflationary pressure is likely to be at the forefront of the MPCs thinking, the base rate is unlikely to change, given the need to also stimulate economic growth.

05/19/2021

Kenya to receive second tranche of Sh44bn IMF loan

“The IMF staff team and the Kenyan authorities have reached a staff-level agreement on the first review of Kenya’s economic programme under the Extended Fund Facility and Extended Credit Facility,”

05/19/2021

Safaricom takes 56pc stake in Ethiopia firm

He did not explain the circumstances that led to the changes in the ownership. The multinational’s stake has also gone up, having previously stood at five percent.