Managers of Wealth Africa

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.

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

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.

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.

‘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

South Africa’s biggest pension fund announces increases from April

Pensioners who retired after 1 April 2021 are to receive a proportionate increase based on the number of months they have been in receipt of pension by 31 March 2022.

BoG, EOCO flag more ponzi companies

It said unsuspecting recipients of such messages who click on the hyperlink or forward such messages compromised the safety of their funds, their WhatsApp accounts and other social media profiles, as well as those of friends and family on their contact li

CBN’s Push for Private Sector Credit

The forbearance included the restructuring of the loan repayment plans, moratorium as well as the CBN reducing interest rates on all its intervention programmes to five per cent from nine per cent till the end of March 2022.

Fidelity Bank backs CBN $200bn forex policy

Imam said that the financial institution would not relent in its efforts to bridge the knowledge gap in the non-oil sector space by facilitating the necessary processes and documentation for the new policy, with the goal of increasing FX repatriation thro

Wema Bank: How POS Channel Boosts Financial Inclusion

Specifically, Bolodeoku said the PoS business has witnessed 86% growth in the last two years and has helped to bring a large segment of Nigeria’s informal and unbanked population into the formal financial system.

A Bit too insecure

Tulip, a Seychelles incorporated company, whose ultimate beneficial owner claims to have created Bitcoin under the pseudonym “Satoshi Nakamoto”, was ordered to pay security for costs.

Banks, others to get regulators’ clearance for offers

SEC stated that the new requirement become necessary in a bid to further improve the Commission’s transaction turn-around period and enhance integrity of capital market instruments.

The FSCA releases draft strategy for supporting transformation in the financial sector

The purpose of such engagement will be to assess current levels of transformation within the financial sector

South Africa is heading for big interest rate changes – what you should know

“The upward trend will be slower – taking at least three years – than the large rate cuts seen in the first half of 2020."

SA court rules that maintenance orders will only prescribe after 30 years

The court found that the maintenance obligations in terms of the consent paper constituted a judgment debt as contemplated in section 11(a)(ii) of the Prescription Act, as opposed to an order of court.

FirstBank: Our FGT has Contributed Towards Boosting Intra African Trade

More awareness should be created amongst the populace on the existing CBN intervention measures

Job cuts push 109,661 to default Helb loans

The majority of loan applicants come from poor households and require financial support from Helb to pay for their tuition and upkeep.

Shaking up South Africa's anti-money laundering and counter-terrorist financing measures

The findings of the FATF’s mutual evaluation for South Africa were met with a commitment by the South African government

Qatar, Nigerian Manufacturers to strengthen economic cooperation

The event would be followed by an economic forum between the stakeholders from both countries on Friday in Abuja.

Stricter transformation and BEE rules planned for South Africa’s banking and finance sector

Since democracy, there has been some progress made toward both economic transformation in general and financial sector transformation specifically.

Regulation,Tax & Compliance