12/10/2018
President of Lagos Chapter of ARFESPON, Mr Olufemi Odewabi, while speaking on the outstanding arrears, stated that it was painful to the pensioners that government had decided to turn deaf ears to the calls for payment of members huge outstanding arrears.
12/10/2018
The calculations are based on a R500 transaction, which the banks have said is the most common range for cash-based transactions in the country.
12/10/2018
According to the amendments, dealing members are not expected to enter into any relationship with a client based on a guaranteed return to the client
12/07/2018
The formation of CBRE Excellerate is subject to customary closing conditions, including government approvals, and is expected to be completed in the first half of 2019.
12/07/2018
“[Seeks to] Allow/enable new or unregulated service providers, services, systems and instruments (e.g. virtual currencies, distributed ledger technologies and fintech companies)” one of the recommendations made reads.
12/07/2018
The move had come after a joint inspection and audit by the MFSA and Financial Intelligence Analysis Unit had found shortcomings in the bank’s anti-money laundering procedures.
12/06/2018
Analysts are concerned that the Nigerian government’s attitude towards MTN and the two banks may erode the confidence of foreign direct investors.
12/05/2018
The bank has now hiked rates by more than 4 percentage points since January.
12/05/2018
Late on Friday it said that the central bank had approved a new licence limiting its operation to Nigeria after the disposal of foreign assets, including its British units, which would reduce its capital requirement.
12/05/2018
The majority of the Board of Directors’ meetings must be held in Mauritius, or the executive management of the company must be regularly exercised in Mauritius.
12/04/2018
The Blockchain Conference was aimed at creating awareness and network with peers, create a good policy environment for Blockchain technology to flourish, knowing the policy issues, meeting stakeholders and share best practices, having first-hand demos on
12/04/2018
The Independent Regulatory Board for Auditors says the firm ignored warnings on an overestimation of cash flows
12/03/2018
The Reserve Bank of India Saturday said it has approved merger of SBM (Mauritius), India with SBM Bank (India).
12/03/2018
These cases are being heard while a commission of inquiry sits in Sandton, as the ruined bank’s liquidators try to track down as much as R380 million of its money that went missing in South Africa.
12/03/2018
With this approval, the bank will cease to operate as an international bank.
12/03/2018
KPMG executive chairperson Professor Wiseman Nkuhlu said the funding was an important step in ensuring redress for the actions of the past.
11/29/2018
The lender was still continuing to serve its FX clients but it had lost its access to the liquidity offered by the interbank market, it added.
11/29/2018
The financing of the Eskom Transmission Project will result in a significant strengthening of South Africa’s transmission infrastructure.
11/29/2018
Nigeria’s banking regulator allows lenders to count certain classes of debt and equity among the buffers they need to set aside to survive market turmoil.
11/29/2018
This problem has become so prevalent in South Africa that the SAFPS has opened a new category of fraud specifically to deal with the issue.