10/11/2023
The court considered two aspects: firstly, whether the review was brought within a reasonable time period, and secondly, whether the delay should be condoned given the circumstances.
10/11/2023
The extension of statutory management status also means a continuation of a moratorium on policyholders and creditors who are owed money by the cash-strapped insurer
10/11/2023
NCBA Group had reviewed the cost of loans to 13 percent from August 1, a decision that it had attributed to the increase in the base lending rate by the Central Bank of Kenya (CBK).
10/09/2023
Both institutions are prioritizing ways to mitigate the negative impacts of migration, while fostering resilience and economic development and leveraging the potential of Africa's human and economic capital.
10/06/2023
Shari'ah compliant banking assets make up only around 2% of Africa's global Islamic banking assets
10/06/2023
The experts also proposed the need for the introduction of a personal identification number (PIN) categorisation for employees, students, and businesses to prevent dormant PINs.
10/06/2023
It was heavily speculated ahead of the BRICS Summit in August the bloc would put forward a proposal to create a new currency between the participating nations to ease trade and to side-step sanctions imposed by the West.
10/05/2023
The agreement was inked on Tuesday between Mr. Kumapayi and Mr. Admir Imami of BII in Lagos, Nigeria.
10/04/2023
According to findings, banks and merchant banks during the first nine months of 2023 accessed the SLF window against the backdrop of CBN’s tightening monetary policy stance.
10/04/2023
The cut in government securities held for trade has been attributed to commercial banks seeking to avoid mark-to-market losses as interest rates on the securities lift off.
10/03/2023
The unit – along with Units 1 and 2 – were taken out of service last year following the collapse of a flue gas desulphurisation duct.
09/29/2023
On August 16, the Nigerian National Petroleum Company Limited revealed that it secured an emergency $3bn crude repayment loan from Afrexim Bank to relieve pressure on the naira.
09/29/2023
Banks have been increasing their attention to government papers given the sustained rise in the yields on T-bonds and T-bills.
09/27/2023
The department has counted six branches for Nedbank, but the group confirmed that it only has five branches in the pilot.
09/26/2023
After it found the firm had ‘significant compliance deficiencies’
09/26/2023
Employers said new statutory deductions and the mounting interest rates have significantly raised the monthly deductions on employee payslips
09/26/2023
The rates on the 182-day and 91-day T-bills are lying just shy of the 15 percent mark at 14.94 percent and 14.79 percent respectively.
09/26/2023
The agency also cautioned Nigerians to be wary of any giveaways on social media, especially cryptocurrency giveaways.
09/26/2023
Tax revenues fall short of spending, and debt issuance to make up the gap has boosted yields.
09/25/2023
Tax revenues fall short of spending and debt issuance to make up the gap has boosted yields.