06/15/2023
The CBN’s decision to float the currency was hailed by the organised private sector and economists who said the move would unify the country’s multiple exchange rate and bring sanitise the FX market
06/15/2023
In broad terms, the bill aims to amend various other pieces of legislation related to pensions, the Land Bank, the auditing profession and the Financial Commission.
06/13/2023
Along with Sweden and India, Nigeria has moved ahead of other countries in its efforts to reduce the reliance on cash
06/13/2023
Nigeria cannot adopt the EU and US codes of conduct due to our peculiar situation. But we can leverage on theirs to perfect ours to suit our situation.
06/13/2023
The U.S. Securities and Exchange Commission this week sued Binance and Coinbase for allegedly breaching its rules
06/13/2023
Specifically, the bill enables the minister to declare certain practices in relation to small enterprises to be prohibited as unfair trading practices and to make regulations regarding them.
06/12/2023
ECB President Christine Lagarde said earlier this month rates were getting “closer to our cruising altitude”, but “we need to continue climbing”.
06/09/2023
The East African country's budget deficit is expected to be 281.05 billion birr in the coming year
06/09/2023
Bloomberg analysts noted that a smaller than expected deficit in the country’s current account is also giving the rand a boost.
06/08/2023
The committee has inflated the budget by Sh81 billion on the expenditure plan the Treasury tabled in Parliament to Sh3.67 trillion, putting extra pressure on the KRA.
06/08/2023
The amended Employment Equity Act was assented to by President Cyril Ramaphosa on 14 April 2023.
06/07/2023
The wind farm will help Egypt meet its strategic objective of sourcing 42 per cent of its energy from renewables by 2030
06/07/2023
Headline inflation has risen above the South African Reserve Bank’s (SARB’s) 3% to 6% target range amid higher food and energy prices.
06/07/2023
The product was set for launch on July 6 last year before the lapse of a September deadline that required the digital lenders to get a CBK permit for operation.
06/07/2023
“Inventories of inputs continued to grow modestly, as firms looked to keep unused items in case of further price rises and supply shortages,”
06/06/2023
The Bill also aims to ensure stronger governance on excessive director pay and enhanced transparency on ownership and financial records, the minister previously said.
06/05/2023
The Ombud also stressed that the complaint would still not be eligible for a reversal if they paid via a card transaction, as the liquidator would still have to deal with the matter.
06/05/2023
A senior manager in a top tier-2 bank disclosed to THISDAY of CBN’s aggressive liquidity mop-up through Cash Reserve Ratio (CRR).
06/02/2023
The $300 million is the first tranche of a $1.1 billion facility the World Bank has extended to Ghana over a four-year to support the country’s budget while it’s under the IMF programme.
06/02/2023
Riskier borrowers are charged higher interest rates compared to those with better creditworthiness.