11/17/2020
To promote and maintain public trust and confidence in RCBs, the directive will prescribe sound corporate governance standards which are critical to the proper functioning of the industry.
11/17/2020
In remarks following the signing, Minister Ofori-Atta said he had carefully reviewed the MOU and found it satisfactory.
11/17/2020
With the passing of the new Insurance Act in 2018, the definition of cell captive insurers, cell structures, first-party and third-party risks were formalised in legislation.
11/16/2020
Regulation affecting billions in unclaimed benefits declared invalid.
11/16/2020
Safaricom has never disclosed how much it is willing to bid or the expected annual rate of growth the investment in Ethiopian market will be expected to generate, terming it as competitive and sensitive information.
11/16/2020
Emigration is now hot on everyone’s lips.
11/16/2020
CDC Group, the UK’s development finance institution and impact investor, has committed an additional $100m commitment to its existing master risk participation agreement with Standard Chartered.
11/13/2020
As it alerts public against a separate investment firm promising ‘unrealistic huge returns’
11/13/2020
This is a technique used by criminals to trap a bank card inside the ATM by inserting a thin film of plastic into the ATM card slot.
11/13/2020
FBN Holdings Plc, United Bank for Africa Plc and Zenith Bank Plc expanded their loan books by the equivalent of about $1bn each in order to dodge heavy penalties from the CBN, S&P Global Market Intelligence calculations showed.
11/13/2020
Lawyers for JPMorgan and the Nigerian government said at the end of a London court hearing Thursday that the bank would clarify who was involved in the decisions on the payments. The trial is expected in early 2022.
11/12/2020
Standard Chartered Bank is collaborating with AWS to drive its digital transformation and deliver new personalised banking services in the bank’s 60 markets worldwide.
11/12/2020
Natural resources play a critical role in economies, as they contribute to the well-being of the people, as a source of livelihood and contribute to GDP
11/12/2020
This means that, If the top five banks in Africa’s most populous country and the continent’s largest economy, Nigeria, decided to merge and form a single bank, they still wouldn’t measure up to the largest South African bank, asset-wise.
11/12/2020
The BoG in its reasons for the action said some the financial institutions granted huge unrecoverable loans and engaged in excessive high-risk undertakings coupled with poor corporate governance in the face of low capital.
11/11/2020
The 2020 budget was reduced to N920.5 billion due to the COVID-19 pandemic that ravaged the world this year.
11/11/2020
Basa said it has provided up to R33.61 billion in financial relief to individuals and small and medium enterprises up to 24 October.
11/10/2020
The KRA must work hard to undo its nasty image if it is to drive up tax compliance.
11/09/2020
Some accounts were restricted before ruling was issued
11/09/2020
CFS Asset Management Limited has been granted operating license by the Kenyan Government to operate as a fund manager.