11/01/2015
Blanket Banking Regulation Serves No Purpose
It took a wholesome change in government for banking to get out of its shadows of subservience.
Regulation,Tax & Compliance
10/30/2015
Nigeria Risks Investment It Can't Afford to Lose With MTN Fine
The fine equates to more than 20 percent of Johannesburg-based MTN’s market value.
10/30/2015
Nigeria: Are Nigerian Regulators Targeting South African Businesses?
The commission spokesperson, Awwalu Salihu said; 'The Commission has since drawn the attention of the service provider to this concern
10/29/2015
Standard Bank opens Ethiopian representative office
Standard Bank Group has expanded its East African footprint with the official opening of a representative office in Ethiopia.
10/27/2015
Stanbic IBTC faults FRC’s sanctions; says action “procedurally defective
The Council had accused Stanbic IBTC of regularly flouting the CBN regulations
10/26/2015
TSA: CBN Fines FirstBank, UBA N4.82bn for Concealing NNPC Funds
The Central Bank of Nigeria last Friday fined First Bank of Nigeria Limited and United Bank for Africa Plc the sum of N4.819 billion.
10/23/2015
African Bank Revival Delayed Again as More Deadlines Missed
African Bank tried to oppose the court application, but was unsuccessful and the deal fell through after deadlines were missed.
10/22/2015
First Rand bank now open to public
This comes after First Rand Bank received final approval from the Bank of Ghana to start operations in the country in August this year.
10/22/2015
Six From Cameroon Among First 200 African Bank Rating
The first Cameroonian bank comes 78th on the continent and second at the sub-regional level.
10/22/2015
Kenya's central bank to boost bank supervision after Imperial problem
It was the second bank taken over since August, when Dubai Bank Kenya Ltd was put in receivership after liquidity problems.
10/21/2015
Strengthening South Africa s resolution framework for financial institutions
Address by Mr François Groepe, Deputy Governor of the South African Reserve Bank, at the public workshop on the discussion paper titled "Strengthening South Africa s resolution framework for financial institutions" Cape Town, 15 September
10/20/2015
Liquidation battle looms for troubled Abil
The general strategy has been to sell off all the assets and subsidiaries housed in the bad bank.
10/20/2015
Telkom, Old Mutual partner to offer added value to customers
This innovative offer is a South African first.
10/20/2015
SEC to Deepen Non-Interest Segment of Capital Market
The Securities and Exchange Commission has restated its determination to deepen the non-interest segment of the Nigerian capital markets in order to enable million ethical investors participate in the market.
10/19/2015
Reserve Bank forex probe finds no evidence of misconduct
The review came amid a similar probe by the Competition Commission and a global regulatory crackdown on traders who conspired to fix interest rates.
10/16/2015
South Africa's African Bank drops deal to buy insurance business from parent
The deal had been announced in September as African Bank sought to assume control of a business crucial to its own operations.
10/15/2015
Zimbabwe to approach World Bank, IMF for new loans: finmin
Without any balance of payment support and starved of foreign credit, Zimbabwe is running its budget hand-to-mouth, leaving it with virtually no money for infrastructure.
10/15/2015
UT Bank’s recovery strategy showing positive results
The Bank has experienced financial challenges in the last two years, culminating in operating losses in the first four months of this year.
10/14/2015
Kenya Places Imperial Bank Under Statutory Management
Imperial is the second lender to be taken over by Kenyan regulators since Patrick Njoroge became governor of the central bank on June 19
10/14/2015
Ecobank Nigeria, Deutsche Bank Seal Deal on Trade Financing
The bank’s offering of a GSM-102 program will guarantee credit to encourage financing of commercial exports of US agricultural products, while providing competitive credit terms to buyers.