09/23/2015
With bitcoin use on the rise, African countries eye regulations
The Nigerian central bank is set to propose new rules
Regulation,Tax & Compliance
09/22/2015
Nigeria central bank governor under fire over currency controls
But critics say the measures are inflicting pain at the worst time for Nigeria.
09/21/2015
TSA Implementation: Banks Ponder Review of Business Models
Apart from the spirited efforts of government agencies to meet the deadline, last week was also characterised by fears of a possible liquidity squeeze in banks
09/18/2015
Angolan central bank steps in to stem currency slump
The kwanza was officially trading at 135.96 to the dollar
09/15/2015
Lawyer arrested by ICPC for allegedly defrauding FG of N928m
The ICPC on Tuesday, disclosed this in Lagos in its recent in-house news bulletin, where it said that the suspect defrauded the Federal Government of the said amount.
09/14/2015
Regulator investigates Stanbic over fees disclosure
The central bank has also introduced stricter capital requirements, which would come into effect next year, aimed at helping lenders shore up their balance sheets in the wake of lower oil prices.
09/13/2015
Bankers defer blame on Rwanda rates
During the latest presentation of the monetary policy and financial stability committee statements he asked commercial banks why.
09/12/2015
Corporate incest that killed Tetrad
It is understood that the venture was killed by declining business volumes, an illiquid market and corporate incest.
09/09/2015
SEC suspends Stanbic IBTC’s N20.4b rights issue, as shareholders allege unapproved transactions
The Executive Secretary/Chief Executive Officer, FRC, Mr. Jim Obazee, stated that the move was in response to a petition written by shareholders of the bank
09/07/2015
Fears that banning broker commissions could hit clients
The review has proposals geared at tackling these.
09/04/2015
Illicit flow of funds costing Africa R50b annually
Africa loses more than R50bn every year as a result of the illicit flow of funds, former president Thabo Mbeki has said.
09/03/2015
Bankers welcome BoG’s approval of Islamic banking in Ghana
The Bank of Ghana has revealed it will complete the process to issue the first Islamic banking license in Ghana in the next 4 months.
09/02/2015
African Bank report out soon
An investigation into whether fraud or reckless lending was responsible for the collapse of African Bank Investments in August 2014 will be published by the South African Reserve Bank by year end.
08/30/2015
IMF comes to town
THE International Monetary Fund team will jet in tomorrow for a review of the second economic reform plan for Zimbabwe amid indications that the country has met some of its set targets.
08/30/2015
Investors lose Sh470 billion in six months as companies bleed
Investors have lost about Sh470 billion on the stock market since prices of shares started falling six months ago, bruised by a volatile Kenyan currency, inflation and high interest rate regime. The losses have seen companies listed on the Nairobi Securit
08/28/2015
African Bank Wins Regulator Approvals to Set Up `Good Bank'
The “good bank” has applied for a credit provider license from the National Credit Regulator
08/28/2015
Protocol Amending Cyprus-South Africa Double Tax Agreement Signed
The protocol aligns the definition of a 'resident of a contracting state' with the 2010 Organisation for Economic Cooperation and Development Model Convention.
08/27/2015
Banks may benefit from new CBN policy reviewing COT
The CBN also requested the banks to send a list of products and services that were existing as at 31 March 2013
08/27/2015
South Africa's Abil says its "Good Bank" receives approval from central bank
Troubled South African lender African Bank, said on Thursday its so-called "good bank" has been given a go-ahead to start operations by the central bank
08/25/2015
CBK orders liquidation of Dubai Bank Kenya following cash flow problems
The recommendation was premised on the review of Dubai Bank Kenya Limited by KDIC after appointment as receiver by CBK.