04/28/2016
Global remittances slow, while regulation restricts access
Workers' remittances are a significant part of international capital flows, and the inspiration of many bitcoin and blockchain companies.
04/28/2016
Workers' remittances are a significant part of international capital flows, and the inspiration of many bitcoin and blockchain companies.
04/28/2016
Under the current banking laws, an institution that is granted provisional license has about six months to recruit personnel
04/27/2016
Officials of the Bank Supervision Unit said the sanction was necessary to make sure banks respect the directives of the CBK as a regulator.
04/25/2016
It is always good to know how several banks around the world feel about Bitcoin, even though the outcome will be identical in most cases.
04/24/2016
Others are failure of the bank to meet the deadline for transfer of funds to the TSA, N4m
04/22/2016
Corporate governance malpractices have led to the shock closure of Chase, Imperial and Dubai banks in nine months
04/20/2016
While there has been significant progress in the past few years due to a global crackdown on opacity and secrecy in financial and tax matters, more needs to be done.
04/20/2016
Seychelles is negotiating a Model 1B IGA with the US. On May 28, 2014
04/19/2016
IDS identified the need of hosting many hedge fund managers who prefer not to own or run their own CIS Management companies.
04/18/2016
The bank's first tranche of the issue was oversubscribed by a whopping 161 per cent, raking in Sh4.8 billion against a target of Sh3 billion.
04/18/2016
Central Bank of Kenya Governor Patrick Njoroge has scorned shareholders for reducing annual general meetings to discussions on umbrellas and caps.
04/18/2016
Rise of Africa’s rich has been good business for banks but less good for development
04/15/2016
Mid-sized Imperial Bank was taken over in October after fraud was uncovered. Two months earlier, smaller lender, Dubai Bank, was put in receivership.
04/13/2016
At the same time, gross domestic product growth has fallen from about 14% in 2011 to 4.1% last year
04/12/2016
For contravening various rules, including late remittance of funds under the Treasury Single Account guiding the Nigerian banking industry, eight banks last year paid a total fine of N3.323 billion.
04/08/2016
Chase Bank, which will be in receivership for one year, suffered a rapid loss of liquidity as customers withdrew their deposits over concerns about the lender’s viability and management.
04/08/2016
The Central Bank of Nigeria had set N100 billion minimum benchmark for a bank’s offshore licensing, in order to ensure that only highly liquid lenders operate offshore units.
04/07/2016
Governor Patrick Njoroge told a news conference on Wednesday commercial banks
04/07/2016
The receivership of Chase is the third by the central bank since the second half of last year.
04/06/2016
The SA Reserve Bank also monitors cross-border flows, with some transactions requiring specific approvals through authorised dealers.