Managers of Wealth Africa

Ecobank considers HQ move after Togo ruling

Ecobank disputes the jurisdiction of both the Togolese and Ivorian courts over the cases, and has appealed against both decisions.

Africa: Civil Society Organizations Across Africa Welcome AU Focus On Illicit Financial Flows

Civil society organizations call for African leaders to move quickly to implement recommendations in UNECA report on Illicit Financial Flows

SEC Approves N52.6 Billion Access Bank Rights Issue

The capital raising falls in line with Access Bank's five-year corporate strategy plan to be one of the top three banks in the country and the "world's most respected African bank".

CBN issues directive on two factor authentication for internal banking processes

The Central Bank of Nigeria has issued a directive requiring all deposit money banks to implement two factor authentication for internal processes this year.

Ecobank to comply with Ivorian order in defamation case

The order stems from a suit brought by Tanoh concerning events

Zimbabwe compliant with global standards on curbing illicit finance flows — Chinamasa

Finance Minister Patrick Chinamasa said he was confident that Zimbabwe complies with international standards set by the Financial Action Task Force (FATF) to curb the illicit flow of money.

Nigeria Eases FX Trading Rules as JPMorgan Review Looms

Nigeria eased curbs on foreign-exchange trading less than a week after JPMorgan Chase & Co. said it may remove the country’s debt from some indexes because of a liquidity crunch.

IMF suggests safety net for SA’s banks

The International Monetary Fund has called on SA to introduce deposit insurance to provide a safety net for customers if their bank fails, and to protect the overall financial system.

GTBank clinches ‘Best Corporate Governance, Africa’ for 2015

The award is an acknowledgement of the bank’s strong corporate governance practices, commitment to high standards of ethical leadership and compliance with regulatory standards.

Experts Demand Thorough Investigation of Switch Failures in Banks

The Central Bank of Nigeria and Nigeria Inter-Bank Settlement System have been called upon to investigate the circumstances that led to switch failures from Automated Teller Machines of most banks during the Yuletide season.

South African regulator refers Ubank to tribunal for reckless lending

South Africa's credit regulator has referred small lender Ubank to a consumer tribunal, recommending it should be fined for reckless lending and forced to change its business practices.

Nigeria Central Bank Relaxes ‘Currency Crashing’ Trading Rules

Nigeria’s central bank loosened rules implemented last month on buying and selling foreign exchange that were blamed for crushing currency trading in Africa’s largest economy.

Nigeria: Money Laundering - Two Indian Firms Use Names of First Lady, Governors

The eight officials of the two firms (some of who are now at large) prepared cash vouchers for false returns to their parent companies in China between 2010 and 2013.

Bank Regulation In Nigeria

In the context of this paper, regulation means a body of specific rules or agreed behaviour, either imposed by some government or other external agencies or self-imposed by explicit or implicit agreement within the industry, that limits the activities and

Nigeria: Rapid expansion of SA banks in Africa may increase risk - IMF

The assessment is intended to help countries identify risks to the financial system and implement policies to deal with financial shocks and contagion

BOZ launches Islamic Finance Guidelines in Zambia and urges strict adherence to Sharia law

Dr.Gondwe said this will play a complementary and supportive role to the effectiveness of the supervisory oversight of the central bank in this emerging area in our financial system.

378 complaints against securities companies: FSA head

The paid-up value in companies’ establishment and capital increase for listed companies witnessed a growth rate of 5%.

Africa Urged to Develop Policies to Sustain Growth

The Senior Director of the Global Practice on Macroeconomics and Fiscal Management, World Bank, Marcelo Guigale has advised policy makers in the continent not to continue to rely heavily on commodities and higher rent activities, but rather to implement p

Chinese Bank to Lend West African Development Bank 125 Mln USD

The West African Development Bank is set to receive a loan of 100 million euros from the China Development Bank

Nigeria Investors Fear Being Able to Exit After Bank Clampdown

Foreign investors in Nigeria are concerned that measures taken by the central bank to prevent speculation against the falling naira will hinder their ability to sell investments in the country.

Regulation,Tax & Compliance