03/23/2022
CBN forecasts 3.24% growth in 2022 despite rising inflation
The CBN Governor condemned the rate of oil theft recorded in recent times, which had a debilitating impact on government revenue.
Regulation,Tax & Compliance
03/23/2022
South Africa's central bank to IPO its stake in African Bank
A surge in market volatility in recent weeks due to the Russia-Ukraine crisis has forced several companies to delay their market debuts.
03/22/2022
Central banks, BIS team up on digital-currency payments
This has the potential to reduce reliance on intermediaries and, correspondingly, the costs and time taken to process cross-border transactions.
03/22/2022
African Development Bank Group approves new Strategy for Addressing Fragility and Building Resilience in Africa 2022-2026
This is the Bank’s third fragility and resilience strategy, built upon previous strategies in 2008 and 2014.
03/22/2022
Precedent-setting Bredenkamp case gave banks too much power
The case has set a dangerous precedent and one that Sekunjalo is challenging at varying levels of South Africa’s legal system, including the Equality Court and the Competition Commission.
03/22/2022
Dividend boom is here as banks turn the corner on Covid woes
Investors and analysts, during the peak of Covid-19 infections, did not expect payouts to snap back quickly to 2019 levels.
03/22/2022
African Bank heads to JSE after Reserve Bank fails to find suitable buyer
Through its transaction advisors Rothschild & Co, BofA Securities and Moshe Capital, the Reserve Bank invited local and international investors to bid for its stake.
03/18/2022
CBN warns against companies promising easy loans
The Director of Corporate Affairs, Mr Osita Nwanisobi who represented the CBN Governor at the CBN Fair holding simultaneously in Adamawa
03/18/2022
Ecobank board proposes $40m dividend
The relevant resolutions will be presented for shareholders’ approval at the upcoming Annual General Meeting of ETI.”
03/17/2022
eCedi will meet very high security requirements
In other words, the eCedi should work effectively in both online and offline environments.
03/16/2022
CBN reconstitutes executive management of Nigerian Commodity Exchange
Two directors of the apex bank were also appointed as members of the Board.
03/16/2022
Standard Bank won't finance any new coal power plants, backing gas and renewables instead
The group aims to achieve net-zero carbon emissions from its operations by 2040 and that of its finance portfolio by 2050.
03/16/2022
Banks Temporarily Suspend, Reviews International Transaction of Naira Cards
Banks had in 2020 reviewed monthly international spending using naira cards from $500 to $300 and ultimately to $100 and also stopped the use of naira cards for ATM foreign currency withdrawals.
03/15/2022
Mauritius: An Overview of the New Regulatory Framework of Virtual Assets and Initial Token Offerings
On 17 September 2018, via a guidance note, the Financial Services Commission (FSC) recognised digital assets as an asset-class for investment by sophisticated and expert investors.
03/15/2022
South African Reserve Bank Set to Launch Project Khokha 2 Blockchain Report in April 2022
Project Khokha 2 was launched by the Intergovernmental Fintech Working Group (IFWG) to explore the policy and regulatory implications of tokenization in the financial markets in South Africa.
03/15/2022
FBNQuest to host Islamic estate planning clinic in Abuja
This forum aims to educate Muslims about the importance of Estate Planning in line with Islamic law.
03/14/2022
How Nigeria Serviced World Bank, IMF, Other Debts with $13.1bn in 11 years
Spent $1.3bn in first 3 months of 2021. $5.77bn paid in 2020 is highest
03/14/2022
UAE to inject money in Sudanese banks: minister
The head of the Sovereign Council was in UAE to attend Dubai’s Expo 2020 world fair.
03/11/2022
APBEF-UBA: A new agreement on settlement of disputes between banks
The second agreement concerns the Mediation and Arbitration Centre of the Union of Arab Banks, with a partnership agreement aimed at resolving disputes between the various Tunisian banks.
03/10/2022
‘Freedom Coin’ cryptocurrency not licensed and approved by Bank of Ghana – Public cautioned
Cryptocurrencies such as Bitcoin are not regulated under any laws in Ghana – BoG