09/15/2022
First Pension Custodian Limited, a subsidiary of First Bank Holdings Plc, had in May agreed with Access Bank Plc to purchase the latter’s entire share capital in its pension subsidiary, Access Pension Fund Custodian Limited.
09/14/2022
“We want to continue our commitment in playing a pivotal role in supporting the growth in our home loan division,” Van Graan said.
09/13/2022
And while it will raise transactional and compliance costs for the private sector, banks are not expected to lose their correspondent banking relationships in the event of greylisting, said the agency.
09/12/2022
Access’s senior counsel, Advocate Adrian Botha, claimed in his submissions that the account closures were merely a contractual agreement between the bank and the client.
09/09/2022
A rebound in economic activity saw South African banks record net profit increases of between 95% and 224% in 2021, making it even more attractive to hackers.
09/09/2022
The Central Bank also stated that bank customers are entitled to a free credit report once a year.
09/08/2022
Meanwhile, further tightening of monetary policy in Ghana is believed to be one of the conditions required for the country to reach a deal with the International Monetary Fund (IMF) for a $3 billion bailout.
09/08/2022
This comes as the standing committee on finance yesterday received briefings from Gardee Godrich Attorneys, the National Treasury and the Financial Sector Conduct Authority on the banking sector’s conduct.
09/08/2022
The law firm had written to the committee to raise the problem of discrimination allegedly perpetrated by the banks against people whose banking accounts were closed.
09/07/2022
Credit lines for regional development financial institutions went to the West African Development Bank, Africa Trade Insurance Agency, Africa Finance Corporation, East African Development Bank, and several commercial banks.
09/07/2022
At 0738 GMT, commercial banks quoted the shilling at 120.15/35 per dollar
09/06/2022
The program is designed for new, non-sovereign operations in these Lusophone countries and will enable the Bank to optimize allocation of its risk capital to these countries.
09/05/2022
Nigeria Inter-Bank Settlement System (NIBSS) Instant Payment (NIP) is now available on the eNaira platform.
09/05/2022
The insurers are alleged to have fixed prices and trading conditions in the setting of fees for investment products such as retirement annuity and premiums for risk-related products.
09/02/2022
The lending plan will be vital to keeping the country's economy afloat and positioning Zambia as a model for resolving Africa’s debt crises.
09/02/2022
In principle, public sector wage bill is not supposed to consume more than 35 percent of national government revenues.
09/02/2022
Lyoness South Africa is a multi-level marketing scheme that is thought to have roped in 190 000 South Africans.
09/01/2022
The product is set to disrupt the CIS market where companies take a minimum of Sh1,000 from investors.
08/30/2022
The proceeds from the loan, according to the government will help shore up its reserves, which stood at $7.68 billion, as of June 2022, a move that could help slow down the rate of depreciation of the local currency against the dollar.
08/30/2022
"This transaction is in line with our vision to create a globally connected community and ecosystem; inspired by Africa for the world,” CEO Herbert Wigwe said in a document seen by PREMIUM TIMES.