12/07/2018
“[Seeks to] Allow/enable new or unregulated service providers, services, systems and instruments (e.g. virtual currencies, distributed ledger technologies and fintech companies)” one of the recommendations made reads.
12/07/2018
The move had come after a joint inspection and audit by the MFSA and Financial Intelligence Analysis Unit had found shortcomings in the bank’s anti-money laundering procedures.
12/06/2018
Analysts are concerned that the Nigerian government’s attitude towards MTN and the two banks may erode the confidence of foreign direct investors.
12/05/2018
The bank has now hiked rates by more than 4 percentage points since January.
12/05/2018
Late on Friday it said that the central bank had approved a new licence limiting its operation to Nigeria after the disposal of foreign assets, including its British units, which would reduce its capital requirement.
12/05/2018
The majority of the Board of Directors’ meetings must be held in Mauritius, or the executive management of the company must be regularly exercised in Mauritius.
12/04/2018
The Blockchain Conference was aimed at creating awareness and network with peers, create a good policy environment for Blockchain technology to flourish, knowing the policy issues, meeting stakeholders and share best practices, having first-hand demos on
12/04/2018
The Independent Regulatory Board for Auditors says the firm ignored warnings on an overestimation of cash flows
12/03/2018
The Reserve Bank of India Saturday said it has approved merger of SBM (Mauritius), India with SBM Bank (India).
12/03/2018
These cases are being heard while a commission of inquiry sits in Sandton, as the ruined bank’s liquidators try to track down as much as R380 million of its money that went missing in South Africa.
12/03/2018
With this approval, the bank will cease to operate as an international bank.
12/03/2018
KPMG executive chairperson Professor Wiseman Nkuhlu said the funding was an important step in ensuring redress for the actions of the past.
11/29/2018
The lender was still continuing to serve its FX clients but it had lost its access to the liquidity offered by the interbank market, it added.
11/29/2018
The financing of the Eskom Transmission Project will result in a significant strengthening of South Africa’s transmission infrastructure.
11/29/2018
Nigeria’s banking regulator allows lenders to count certain classes of debt and equity among the buffers they need to set aside to survive market turmoil.
11/29/2018
This problem has become so prevalent in South Africa that the SAFPS has opened a new category of fraud specifically to deal with the issue.
11/28/2018
Scores of customers were seen queuing up to make transactions on the ATM’s when NAN visited the bank’s premises along Aperan Way in the metropolis on Tuesday morning.
11/28/2018
SQM, an SEC registered investment adviser focused on emerging markets, specifically frontier Africa and the Middle East, selected BNY Mellon following a competitive tendering process.
11/28/2018
Obono-Obla stated this at a public event organized by some civil society groups on the controversial Oil Prospecting Lease 245 in Abuja.
11/27/2018
The decision will help to stabilise the local currency which has come under marginal pressure in recent weeks.