01/03/2014
FBN of Nigeria Says Annual Profit Curbed by New Regulations (1)
FBN Holdings Plc , owner of First Bank Nigeria, said its profit for 2013 will probably be the same as the previous year as tougher regulatory requirements increased its costs.
12/25/2013
Compliance teams face an increasing array of rules due to failings exposed by the financial crisis.
12/16/2013
Commercial banks are headed for a collision with the Jubilee administration over a high interest rates regime
12/12/2013
Access Bank has won the inaugural edition of the Nigerian Risk Management Awards.
12/09/2013
Overall, 49% thought that no regulator had succeeded in this respect, with a majority of respondents in the US and the UK holding this view.
12/02/2013
The Bank of Ghana is seeking more powers under Foreign Exchange Act 2006
11/17/2013
The last 12 months has been another year of change for the financial services industry. We have begun the move from inter- and intranational debate about the shape and purpose of regulation, to a period of understanding the implications for business follo
11/15/2013
The Chartered Institute of Bankers, through the Education Ministry, is finalizing a bill that will accord it a strong legal backing to run professional qualifications for banking practice in Ghana.
10/28/2013
The Public Investment Corp., Africa’s largest asset manager, said South African consumers have been hurt by the practices of some lenders that provide credit not backed by assets.
10/26/2013
Union Bank of Nigeria has informed the Nigerian Stock Exchange that the Central Bank of Nigeria has approved its compliance plans with CBN's Regulation 3 on the Scope of Banking Activities and Ancillary Matters.
10/17/2013
Higher reserve requirements, tighter monetary policy and regulation aimed at lowering fees and increasing competition will crimp the ability of the industry
10/09/2013
The Bank of Ghana has commended UBA Ghana, a subsidiary of Nigeria’s based UBA Plc, for instituting a robust risk management system which led to zero infractions on regulatory provisions on the part of the bank in Ghana.
10/08/2013
The Governor, Bank of Ghana, the country’s apex financial regulatory institution, Henry Kofi Wampah, recently in Accra, praised UBA Ghana, for instituting a robust risk management system
10/02/2013
South Africa's African Bank Investments said on Thursday it had agreed to a fine of 20 million rand to settle an investigation into reckless lending by the credit regulator.
10/01/2013
The irony of Ecobank’s participation on a panel at the PRI in Person conference in Cape Town this week was lost on most delegates.
09/01/2013
The SEC said that “The investor deposited the sum of N300, 000 with the operator under a Portfolio Investment Agreement for a tenor of 3 years.
08/27/2013
The rules, known as Basel III, are the main global response to undercapitalized banks
08/24/2013
The Bank of Ghana has stated that money laundering and terrorist financing have become a herculean challenge in the country’s economy, particularly in the banking sector.
08/08/2013
The Financial Conduct Authority has fined Guaranty Trust Bank (UK) Ltd (GT Bank) £525,000 for failings in its anti-money laundering (AML) controls for high risk customers between May 2008 and June 2010.
07/14/2013
Tier-1 banks last year recorded gross earnings in excess of N200billion