Managers of Wealth Africa

Banks’ excess cash at CBN hits N6.08tn

The development suggests that banks placed much of the liquidity available to them with the CBN instead of moving the funds into other short-term investments or lending them to customers.

Uganda's Shilling Pops After Biggest Rate Hike Since 2011 and Suspected FX Action

The jump followed a 225 basis point hike to 12% on Wednesday and what traders suspected were central bank dollar sales.

CBN’s rate cut appropriate, monetary stance still tight — IMF

Inflation decline supports monetary policy recalibration

Expert Warns Pension Fund Managers of Post Recapitalisation Pitfalls

On compliance and regulatory awareness, Aguda noted that pension was the most rejected sector

Nine Banks Report N2.99tn Operating Expenses on Inflation, Regulatory Charges

Inflation across SSA remained relatively contained during H1 2026 despite renewed global price pressures

FNB warns criminals are targeting bank accounts of one group of people in South Africa

Boxall warned that fraudsters have become far more sophisticated, moving beyond fake websites and crude impersonations to using information gathered about potential victims to create convincing scams.

Only 22.8% Metering Achieved as Deadline Looms for $500m W’Bank Scheme

It focuses on reducing massive technical and commercial losses, upgrading grid infrastructure, and restoring market stability through extensive smart metering, localised data management, and strict energy accounting.

South Africans charged R31 billion to keep and access their own money

The fees can also influence how people manage their money, particularly among consumers who rely heavily on cash.

CBN tightens bank governance, enforces 10% offshore investment cap

Under the Banks and Other Financial Institutions Act (BOFIA) 2020, banks are restricted from investing more than 10 per cent of their shareholders’ funds in offshore subsidiaries.

Gulf Lenders Eye Africa Expansion After Ruling

A South African court ruling could reshape how the continent funds its growth.

Banks, insurers face fresh pressure amidst push for decent-work compliance

Acting National President of ASSBIFI, Fanimokun Adesina, made the demand at the association’s 2026 World Day for Decent Work celebration.

Cedi suffers biggest depreciation among African currencies in Q2 2026 – World Bank

It was followed by the currencies of Lesotho, Namibia, South Africa and Eswatini, which each recorded maximum weakening of roughly 7 percent.

Bank of Ghana warns against digital fraud, ponzi schemes

The Bank cautioned customers against sharing confidential financial information with unknown persons, even where such persons claim to represent a financial institution or telecommunications operator.

CBN offers N900 billion at first Treasury Bills auction of fourth quarter 2026

…..One-year bill accounts for N700 billion as investors await first Q4 NTB auction calendar

Sarb surveys businesses to guide rate policy

Following pilot interviews in August 2025, the programme has expanded to cover most major economic sectors.

Greenwich Bank expands, opens three Lagos branches

The governor, who performed the commissioning of the Ikoyi branch, expressed optimism that the bank would support individuals and businesses while contributing to the continued growth of the Lagos economy.

Fidelity Bank Ghana seeks shareholder approval for IPO and GSE listing

The special resolutions include authorising the Board to determine the terms of the IPO

Bank of Mozambique Holds MIMO Rate at 9.25% for Fourth Straight Meeting

At the previous meeting, held in July, annual inflation had accelerated from 7.2% in May to 7.5% in June.

STN enters Nigeria’s mobile market, takes on MTN, Airtel, others with UASL licence

The company said its strategy will include investment in skills development and training for Nigerian engineers, technicians and digital professionals.

CBK Approves 29 New Digital Lenders as Licensed Providers Hit 281

This development comes after the licensing of 25 digital credit providers in July expanded the number of lenders operating under CBK oversight.

Regulation,Tax & Compliance