06/09/2026
The circular, addressed to all ministers, permanent secretaries, and heads of government agencies and parastatals, stated that the directive was issued in furtherance of earlier circulars on the professionalisation of human resource management in the Fede
06/08/2026
Under the revised rules, authorised dealer banks found to have consummated foreign exchange transactions without adequate documentation will pay a N100 million fine in addition to N10 million for each affected transaction.
06/05/2026
The President argued that African countries continue to pay a premium for financing even as they pursue growth and economic transformation.
06/05/2026
The latest appreciation marks the first time the local currency has traded below the N1,360/$ threshold since May 7, 2026, reinforcing signs of improving stability in the foreign exchange market.
06/04/2026
Government debt has now stabilised and is forecast to decline this year, and over the medium term, Pieterse said, marking a key milestone in South Africa’s fiscal consolidation efforts.
06/04/2026
The bank’s core mandate is to improve access to finance for micro, small and medium enterprises, which are widely regarded as the backbone of the Nigerian economy.
06/03/2026
Exporters often questioned whether existing procedures encouraged them to repatriate earnings through official channels.
06/03/2026
The approval is expected to unlock a major strategic milestone for the company, allowing the bank to expand beyond mortgage financing into comprehensive commercial banking services.
06/02/2026
Several focuses for the group include faster payments, no fees on certain EFT payments and simplified pricing structures.
06/02/2026
Under the scheme, zero tariffs will be implemented on 20 African countries that have established diplomatic relations with China and are not among the least developed countries.
06/02/2026
In a widely anticipated decision, the committee chose to maintain the Monetary Policy Rate (MPR) at 26.50%, with all other policy parameters remaining unchanged.
06/01/2026
In his briefing, Reserve Bank Governor Lesetja Kganyago flagged inflationary pressures from the Iran War, with energy prices in particular rising sharply.
06/01/2026
City leaders hail the move.
06/01/2026
These developments come amid rising external uncertainty, inflationary pressures, and expectations of a gradual economic recovery.
05/28/2026
Customers who failed to meet the deadline faced restrictions on withdrawals, transfers and other outgoing transactions.
05/28/2026
In a move aimed at streamlining the East African country's foreign trade sector, enhancing competitiveness, and creating a more accessible environment for exporters, the bank noted that it has officially lifted the previous restriction.
05/27/2026
It also covers medical expenses and lost income for employees while protecting employers from direct financial liability regarding workplace accidents.
05/27/2026
As part of the reforms, the Council adopted recommendations from the World Bank to improve how it operates, make its work more visible, and strengthen coordination among its member institutions.
05/27/2026
The fee would have applied even when customers transferred funds between their own registered MoMo wallet and their own bank account, a service previously provided at no cost.
05/27/2026
Finance Minister Carla Loveira revealed that the Government used the country’s Net International Reserves (NIR) to repay the debt to the IMF, guaranteeing that the decision did not compromise state institutions.