Managers of Wealth Africa

Nigeria Central Bank Relaxes ‘Currency Crashing’ Trading Rules

Nigeria’s central bank loosened rules implemented last month on buying and selling foreign exchange that were blamed for crushing currency trading in Africa’s largest economy.

Nigeria: Money Laundering - Two Indian Firms Use Names of First Lady, Governors

The eight officials of the two firms (some of who are now at large) prepared cash vouchers for false returns to their parent companies in China between 2010 and 2013.

Bank Regulation In Nigeria

In the context of this paper, regulation means a body of specific rules or agreed behaviour, either imposed by some government or other external agencies or self-imposed by explicit or implicit agreement within the industry, that limits the activities and

Nigeria: Rapid expansion of SA banks in Africa may increase risk - IMF

The assessment is intended to help countries identify risks to the financial system and implement policies to deal with financial shocks and contagion

BOZ launches Islamic Finance Guidelines in Zambia and urges strict adherence to Sharia law

Dr.Gondwe said this will play a complementary and supportive role to the effectiveness of the supervisory oversight of the central bank in this emerging area in our financial system.

378 complaints against securities companies: FSA head

The paid-up value in companies’ establishment and capital increase for listed companies witnessed a growth rate of 5%.

Africa Urged to Develop Policies to Sustain Growth

The Senior Director of the Global Practice on Macroeconomics and Fiscal Management, World Bank, Marcelo Guigale has advised policy makers in the continent not to continue to rely heavily on commodities and higher rent activities, but rather to implement p

Chinese Bank to Lend West African Development Bank 125 Mln USD

The West African Development Bank is set to receive a loan of 100 million euros from the China Development Bank

Nigeria Investors Fear Being Able to Exit After Bank Clampdown

Foreign investors in Nigeria are concerned that measures taken by the central bank to prevent speculation against the falling naira will hinder their ability to sell investments in the country.

Ecobank boss calls for mergers and acquisitions of banks in Ghana

Chief Executive officer of the Ecobank group is pushing for more consolidations among banks in Ghana.

African Bank curators stall their listing of 'good bank'

African Bank curator Tom Winterboer has postponed the floating of the "good" bank on the JSE, although there is a time limit on the support he has from the central bank.

African Bank’s ‘good bank’ listing delayed to build up track record

The Reserve Bank placed the bank under curatorship to protect depositors and holders of the unsecured lender’s debt.

outh Africa: Investors dubious about bank law change

Investors in South African banks are growing increasingly concerned over proposed legislation stripping them of some rights as creditors, fallout from the August collapse of African Bank Investments.

African Bank Regulatory Fallout Fuels Investor Backlash

The demise of Abil, as the unsecured lender is known, has rippled through the nation’s markets

PwC pushes for FATCA implementation in Nigeria

PwC Nigeria, a leading professional services firm, has challenged financial institutions operating in Nigeria and the sector’s regulators on the need to develop a regulatory framework to drive the implementation of the Foreign Account Tax Compliance

Shadow Dancing With Debt - the Credit Ratings Agencies Must Be Reformed

South African economic prospects have recently been downgraded, yet again, by major credit ratings agencies.

Casablanca financial centre plans arbitration body to grow in region

Financial companies, professional services firms and regional headquarters of multinationals can become members of the centre, receiving tax concessions and other benefits such as fast-track visa procedures for staff.

Ecobank strengthens corporate governance

The bank was recently confronted with corporate governance issues that led to the removal of Thierry Tanoh, as the chief executive officer by the board.

CBN's New Initiative for Outbound Money Transfer

THE Financial world today has become a global village in all its ramifications, following rapid increase in local and international transactions across.

Review of the financial sector in Mauritus by Rundheersing Bheenick, Governor of the Bank of Mauritius

Looking back over the global landscape in recent years, characterised as it has been, by painful adjustments in financial and economic affairs, it is hard to avoid the conclusion that we have been lurching from crisis to crisis.

Regulation,Tax & Compliance