08/14/2024
AMCON had created the N1.5 trillion sinking fund, which was to be financed through the contributions of financial institutions in the country as well as the: Central Bank of Nigeria to cover losses on the NPLs.
08/14/2024
Pretoria’s refusal to condemn Russia’s invasion of Ukraine and decision to lay of genocide charges against Israel in an international court over its war in Gaza have been particularly contentious.
08/13/2024
The bid range for Union Bank was between N1,500.00/$1 and N1,600.00/$1.
08/13/2024
The unpaid arrears, which date back to 2019, had been a source of tension between NiMet management and its staff, leading to frequent clashes with labour unions.
08/12/2024
Extending the reach of financial services in emerging markets is a challenge and opportunity for traditional banks.
08/12/2024
Banking fraud contributed to 45% of these incidents, followed by the microfinance sector at 19% and retail at 14%.
08/12/2024
Banks are working to raise over N4 trillion to meet the CBN’s new capital requirements
08/12/2024
The Capital Adequacy Ratio was also relatively high at 13.9% in December 2023
08/09/2024
FATF added South Africa to its list in February last year
08/09/2024
The expansion in Q1 represents the strongest q/q growth since Q4 ’21.
08/09/2024
The committee voted to increase the Monetary Policy Rate
08/08/2024
First reduction in more than four years comes as inflation declines and CBK issues new banknotes
08/08/2024
Nigeria’s banks are striving to meet the new thresholds after the CBN lifted capital requirements tenfold in March.
08/07/2024
They have caused all this trouble and Africa has only contributed around four to five per cent of all greenhouse emissions so far.
08/07/2024
The bank received administrative sanctions from the Prudential Authority under the Banks Act, Financial Sector Regulation Act, and Financial Intelligence Centre Act.
08/07/2024
A technical recession is two consecutive quarters of negative growth, meaning that South Africa will avoid a recession with a slight improvement in Q2.
08/06/2024
According to Standard Bank, older South Africans are at risk, with scammers targeting older people who are approaching retirement
08/05/2024
The association clarified that the views expressed by some chairmen in support of the tax are personal opinions and do not represent the stance of the entire banking community.
08/05/2024
The meeting, hosted by the International Monetary Fund and World Bank Group governors, aimed to identify ways to accelerate intra-African trade as a catalyst for sustainable economic growth.
08/05/2024
The meeting rationalised that these considerations are more important at a time when countries are being assailed by adverse exogenous shocks and facing immense financing needs.