04/25/2022
Project Khokha 1 examined the use of blockchain for interbank settlements by successfully replicating some functions of the South African real-time gross settlement (RTGS) system on blockchain.
04/25/2022
The Bank has already engaged its solicitors to institute appropriate l0egal action.
04/22/2022
Financial institutions interested in obtaining payment services including ACH, cash, check and wires can open an account or receive services from the Federal Reserve.
04/21/2022
She hailed Acting Commissioner for Economic Development Joseph Enyimu for his presentation, that hall all the elements often missing when our economic ambassador address audiences abroad.
04/19/2022
She dissected the pension industries and shared strategies necessary for improving the business of pension in the domestic market.
04/18/2022
The CBN by regulation forces banks to retain up to 27.5 per cent of their deposits in CRR requirement, meaning that the deposits are not accessed by the banks for loans and advances.
04/18/2022
The Treasury previously slashed the budget for the NMS in the current financial year signalling an end of the short tenure of the entity.
04/18/2022
The publication of the regulations to back the agency’s operations and the setting up of its board last year set the stage for its formal launch
04/13/2022
The court then explored what the standard was to be applied in determining an application for condonation and stated that it is settled law that the standard to be applied is what is in the interests of justice which is “a wide and elastic concept&a
04/13/2022
This deal, together with our NDIC insurance, will demonstrate to our customers that they can trust us with their financial needs
04/13/2022
Congestion on Cape Town roads is costly for the economy and commuters in terms of both time and money.
04/13/2022
Higher expected wage growth, a somewhat weaker rand and further advances in global goods prices could exert additional upward pressure on headline inflation
04/12/2022
Mobile payment service operators provide financial services through digital means to low-income earners and people who do not use banks or banking institutions for transactions.
04/12/2022
Rich donor countries are working to deprioritize poverty reduction and economic development in the global south.
04/11/2022
The sanctions are part of the Central Bank of Nigeria’s efforts to discourage cryptocurrency use and impose commercial limitations on cryptocurrency trading.
04/11/2022
Despite not stating the reason for the action, it is believed the bank took the decision to cushion the effect of the increasing cost of diesel with which it powers many of its branches.
04/08/2022
It is a programme of credit facilities that the Bank has developed to manage the impacts of the Ukraine crisis on African economies and businesses
04/07/2022
The BoG said it is collaborating with the security agencies to clamp down on illegal foreign exchange operations.
04/07/2022
In February 2021, the Central Bank of Nigeria ordered all commercial banks and financial institutions to close all customer accounts that operate in or trade cryptocurrency.
04/07/2022
A distributed ledger is a digital record of transactions and contracts maintained in a decentralised form across different locations.