12/23/2020
Safaricom cuts low value M-Pesa fees in CBK deal
Safaricom said yesterday the lower fees was in line with an agreement with the banking regulator
Regulation,Tax & Compliance
12/23/2020
CBN debits 23 banks N349.72bn
The recent action by the CBN was sequel to a debit of N226bn recorded a month earlier.
12/23/2020
Transparency Int’l asks UK to investigate Ghana gold royalties deal
The prosecutor’s report shared in November led to increased review of the gold royalties deal.
12/23/2020
Zimbabwe Central bank to make cash injection to improve liquidity
Local investors have been piling into the stock market to hedge against inflation that climbed above 75% in April.
12/22/2020
Highlights on the Settlement Framework issued by the Mauritius FSC
Service defines us, empowers you
12/22/2020
How to transact safely online and avoid card fraud over the holidays
While banks take on measures to curtail the menace of cyber and monetary fraud, consumers ought to be more aware of the risks of card fraud and the ways in which they can protect themselves from falling victim.
12/22/2020
JPMorgan Ousted as Mideast-Africa’s Top Dealmaker by U.S. Rivals
Citigroup, Morgan Stanley lead region’s IPO, M&A league tables
12/22/2020
Nedbank appoints Publicis Groupe compan
A final presentation stage saw Publicis Groupe and two other shortlisted contenders competing in the context of the Nedbank Cup 2021 sponsorship property.
12/21/2020
-1.1% GDP growth in line with Central Bank’s projections – BoG
It must be pointed out that this is consistent with the rebound view as the economy has recovered from a contraction of 3.1 percent to 1.1 percent during the quarter.
12/21/2020
African Development Bank’s Board of Directors approves the Bank’s borrowing program for 2021
The Bank will continue to promote the development of African Capital markets with the issue of local currency denominated debt to facilitate the financing of its local currency operations
12/21/2020
NDIC set to liquidate 42 Microfinance Banks
NDIC is officially closing 42 MFBs whose operating licenses had earlier been revoked by CBN.
12/21/2020
PenCom ratifies sale of AXA Mansard Pension Limited
The approval by PenCom is part of the statutory requirements for completing the formal transfer and sales of the subsidiary.
12/18/2020
Lagos partners First Bank to promote access to affordable healthcare
Asserting that the partnership would avail residents the opportunity to pay either N40,000 annually for family plan or N8,500 annually for individual plan through any of the Firstmonie agents, Dr. Zamba explained that once the insurance premium is paid be
12/18/2020
Afreximbank names seven Nigerian banks as trade finance intermediaries
A statement issued by the bank on Tuesday said the Nigerian banks as well as other banks in 29 African countries brought the number of TFIs to more than 65.
12/18/2020
CBK ends free M-Pesa transfers, rejects banks’ fee push
The reliefs on mobile phone payments were introduced from March 16 to encourage cashless payments on mobile phones as part of efforts to contain the spread of the coronavirus.
12/17/2020
Zimbabwe Central Bank to Sell Gold Unit Stake to Lift Compliance
Gold producers, agents to be offered 60% of refining business
12/17/2020
CBK boss cracks the whip on rogue banks
Another four banks were listed for over-indulging in insider lending, a problem that sunk Imperial Bank, Chase Bank and Dubai Bank.
12/17/2020
Laggard South African Bonds May Get Seasonal Boost at Year-End
The rate on securities maturing in January 2030 narrowed in five of the past six periods, while those due in February 2048 fell four out of six times, the Johannesburg-based analyst said.
12/16/2020
The African Development Bank Group: integrity compliance insight
The increase in the AfDB's enforcement activity and its increasingly proactive approach to risk detection are indicative of similar trends with other multilateral banks (MDBs).
12/16/2020
Share of bank accounts with more than Sh100,000 shrinks
The CBK delayed releasing the report and does not capture the impact of the Covid-19 economic fallout on the savings.