Managers of Wealth Africa

Zimbabwe to ban firms from forex auctions over 'rampant abuse'

The gap between the official and parallel market rates has widened to as much as Z$130 per U.S dollar, although authorities have maintained the rate at 84.76.

CBN Increases Forex Allocation to Banks To Meet Customers Request

Emefiele had last week reiterated the bank’s commitment to ensuring steady availability of foreign exchange for manufacturers.

Absa delays financing policy on mining, oil and gas by six months

The bank is now expected to deliver the key policy document by the end of 2021

European and African leaders call for a 'New Deal' for Africa

The global economy could lose one of its future drivers of growth.

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.

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.

The Cybercrimes Act signed into law and awaiting commencement date

The majority of the offences created by the Cybercrimes Act relate to data, messages, computers, and networks involving hacking, the unlawful interception of data, ransomware attacks, cyber forgery and uttering, and cyber extortion.

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.

Nigeria: Hope Rises for Failed Banks' Depositors As NDIC Meets Minister Over Asset Liquidation

support of the Ministry in realising them would assist the Corporation in the effective discharge of its mandate of deposit guarantee which ensures that depositors recover their savings in the event of bank failure.

Sars tax compliance: The cross-pollination

A non-compliant status with Sars can intersect into various aspects of your life.

Africa Monetary Policy Tighter Than it Seems, Standard Bank Says

Yields at the short end of the curve in Nigeria and Tanzania have risen

Concerns over alleged re-looting of over $1.5b Abacha booty

This growing fear, perhaps, recently forced the Sultan of Sokoto, Muhammadu Sa’ad Abubakar III to ask the Federal Government to explain to Nigerians how much of the country’s looted funds it has so far recovered.

Equity denies receiving State’s missing Sh493m

The loan is not among the borrowings disclosed by the lender in its annual report, which has been endorsed by the Central Bank of Kenya (CBK).

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.

Registration: SEC gives crowdfunding promoters June 30 deadline

While the transitional period elapsed on the 21stday of April, 2021, the Commission hereby directs all existing investment crowdfunding portals/digital commodities investment platforms to note the requirements and eligibility criteria

KCB Q1 net profit rises by 1.8 percent

Interest income increased by 8.71 percent to Ksh21.96 billion ($205.23 million) from Ksh20.2 billion ($188.78 million).

A legal perspective on dealing with employees who refuse to mask up

This regulation seems to suggest that employees ought to wear masks at all times when performing their duties, irrespective of where the duties are performed.

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.

W’Bank Advises Nigeria, Others on AfCFTA’s Implementation

This is essential for compliance, administration and problem solving, economic monitoring and socialisation of the AfCFTA.

Mr Eazi eyes East African tech industry

This comes after his recent travels to Sierra Leone and Benin Republic.

Regulation,Tax & Compliance