03/15/2023
The $42 billion bank run on SVB, the largest in American history, showed that bank customers will always take the fall for poor decisions of banking executives and hence the need to protect them.
03/15/2023
The blue-chip Top 40 index closed around 0.5% lower while its broader all-share index was down around 0.7%.
03/15/2023
Standard Bank on Thursday joined FirstRand Ltd. in accounting for the impairment. Ghana has an estimated ¢576 billion of public debt.
03/14/2023
The judge also directed all the affected banks to file and serve on the Plaintiff’s counsel within seven days of receipt of this order
03/14/2023
Kenyan banks in 2013 cut the clearing time for a commercial bank cheque to one day
03/13/2023
The open banking regulation in Nigeria was initially proposed in 2017
03/10/2023
The release of the final guideline marks the end of a long journey towards open banking adoption in Nigeria
03/10/2023
The circular by the Bank states that all participants in open banking shall adhere strictly to security standards when accessing and storing data
03/07/2023
Mr Kitonny became chairman of the bourse in July 2020 following the retirement of Samuel Kimani.
03/07/2023
Move has protected most borrowers, particularly those in the informal sector
03/06/2023
The regulator had asked banks to submit new loan pricing formulas that would be the basis of setting interest rates in an environment where the government stopped controlling loan costs.
03/06/2023
This in turn was driven by FGN’s borrowing from the Central Bank of Nigeria.
03/06/2023
According to the guidelines for the implementation of the initiative, the CBN fixed the maximum loan amount that a participant could get at N5bn.
03/03/2023
The newly published standard is listed as the South African National Standard (SANS) 1728.
03/03/2023
Having banks, including the top tier lenders, run out of the greenback suggests an escalation of the currency woes that started mid-last year with lenders rationing scarce dollars.
03/03/2023
Kenya’s SDR quota at the IMF is currently at 542.8 million, or Sh91.8 billion (722.95 million), offering the country a critical buffer in case of external shocks.
03/03/2023
The next CEO is to retire in the next two years is Moruf Oseni, managing director of Wema Bank
03/01/2023
Utility provider says continued weakening of the shilling is impacting its financial performance
03/01/2023
The utility hopes the settlement of bills in hard currencies will shield it from foreign exchange losses for expenses such as loan repayments that are often dollar-denominated following the depreciating shilling.
03/01/2023
"In addition, the bank released the sum of N48.30bn under the N1.0tn real sector facility to seven new real sector projects in agriculture, manufacturing, and services."