03/09/2022
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.
Regulation,Tax & Compliance
03/09/2022
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
03/09/2022
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.
03/09/2022
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
03/07/2022
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.
03/04/2022
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.
03/04/2022
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.
03/04/2022
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
03/03/2022
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."
03/02/2022
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.
03/02/2022
FirstBank: Our FGT has Contributed Towards Boosting Intra African Trade
More awareness should be created amongst the populace on the existing CBN intervention measures
03/02/2022
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.
03/02/2022
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
03/02/2022
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.
03/01/2022
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.
03/01/2022
SA banks accused of ‘collusion’
Whether it can be described as a trend or not is not the subject of discussion
02/28/2022
Kenya: Shift to Digital Payment Systems Takes Shape in Kenya
The NPS aims at supporting CBK's role in facilitating economic activities, livelihoods and its journey of becoming A World-Class Modern Central Bank.
02/28/2022
Lagos court freezes estate developer, others’ bank accounts
The counsel also informed the court that the notice of the sale of the property was in January 2022.
02/25/2022
South African court confirms arbitrator can rule on own jurisdiction
The SCA’s judgment provides effective and straight-forward guidance on this issue.
02/25/2022
Huge gap in black market, official exchange rate increase Forex scam as banks publish more names, Zenith leads
Breakdown On its website, Zenith Bank listed 990 foreign exchange (FX) offenders, while Polaris Bank and Sterling Bank listed 40 and 53, respectively.