01/13/2023
CBN begs traders to accept new naira notes
Ogbu advised the market men and women, “to ensure that you deposit cash holdings in these denominations (N200, N500 and N1,000) at your commercial banks”.
Regulation,Tax & Compliance
01/13/2023
Africa Prudential bags more ISO Certifications
The certifications followed a comprehensive audit and evaluation exercise conducted by MSECB – an internationally recognised certification body.
01/13/2023
Access Holdings planned takeover of Kenya’s Sidian Bank aborted
The corporation noted that “the parties were unable to reach agreement on the variation of these conditions in a manner to deliver the desired outcome for the parties.”
01/13/2023
Angola to get three new hospitals, as Investec, government and banks partner
Investec partners with Angolan government, agencies and international banks in the building of three key hospitals in Angola
01/13/2023
‘Nigerian government can stabilise naira using friendly policies, cryptocurrency’
Cryptocurrency has amazing opportunities and that is why a lot of youths are finding ways to turn their time and energy into foreign monies, whether it is Bitcoin or dollars so as to maximise the opportunities.
01/13/2023
Kenyans urged to prepare for tough economic times
The nation's financial crisis is reaching unfathomable heights.
01/12/2023
Banks cut loans to State by Sh104bn over low returns
The 61.78 percent, or Sh104.86 billion, fall came at a time banks asked for higher interest rates during bond sales to compensate for rising inflation that threatened to eat into their real returns.
01/11/2023
Nigeria’s GT Bank fined in UK over money-laundering failures
Financial watchdog says GT Bank, a repeat offender, has not disputed the findings and agreed to settle.
01/11/2023
UBA to Block International Transactions on Naira Cards From January 15
Instead, its external reserves, which are mainly from crude oil sales, have continued to shrink due to oil theft and low production, putting pressure on the Naira in the currency market.
01/11/2023
South African president plays down central bank mandate change talk
South Africa’s economy is being held back by regular power cuts and the nation has one of the world’s highest unemployment rates.
01/11/2023
Debt Exchange Programme: Four banks highly exposed
The banking sector is the most dominant investor in Government of Ghana (GoG) debt instruments, a phenomenon induced by both regulatory and market economics.
01/10/2023
Third of new civil servants yet to declare wealth
Failure by those joining public service to make wealth declaration means agencies such Ethics and Anti-Corruption Commission (EACC), which gathers information on corruption occurring in the public sector, will be flying in the dark on tracking the authent
01/10/2023
Safaricom to lose Sh2bn in call tariff cut
The rate was in August cut from Sh0.99 per minute to Sh0.58 per minute.
01/09/2023
Wahda bank: First African bank to obtain ISO 27001 accreditation in “Swift environment” information security
Al-Turki indicated that after the bank obtained this achievement, it proves that the bank is committed to a high-quality banking environment and brilliance at the local and international levels.
01/06/2023
Bank of Ghana authorises 9 institutions to serve as FX brokers
The statement said the BOG reserved the right to delist any authorised FX broker for non-performance or non-compliance with FX Act and the Interbank FX Market Conduct rules.
01/06/2023
Kenya Will Not Default on Its Debt Payments -President Ruto
In June it was forced to cancel the planned issuance of a Eurobond and is seeking alternative sources of funding.
01/06/2023
Expect more rate hikes in 2023: expert
The SARB tries to keep inflationary levels stable between 3%-6%.
01/05/2023
NCBA ordered to refund Sh1 million company spent on trailer at auction
Evidence presented to the court was that the lender advertised a number of motor vehicles and trailers it had repossessed from defaulting customers in December 2019.
01/04/2023
Regulate bank-to-mobile rates
The waiver, largely intended to encourage cashless transactions in the face of the pandemic, did produce some results.
01/04/2023
Nigerian President Muhammadu Buhari has signed the $21.83 trillion 2023 budget.
These provisions were made for the 2023 general elections and the transition programme.