05/23/2023
“CBK welcomes this transaction that will diversify and strengthen the resilience of the Kenyan banking sector,” said the regulator in a statement. The CBK did not disclose the value of the deal.
05/22/2023
One of the factors that contributed to the depreciation of the naira in 2022 was the lack of forex supply from the BDC market.
05/19/2023
In South Africa, the cost of petrol and diesel includes various levies and taxes that make up 31% of the total cost
05/18/2023
Tighter monetary policy risks “creating a feedback loop for the rand,” Andrew Matheny and Bojosi Morule wrote in a note to clients.
05/18/2023
At the meeting, shareholders approved the accounts and the appropriation of profits for 2022.
05/17/2023
The cost of intra-regional remittances transfer among the IGAD member states stands at 10.6 percent
05/17/2023
Godongwana said that key among these is the outcome of the public sector wage negotiations, which the budget did not pre-empt.
05/16/2023
Aside from reviving the collapsed indigenous banks and other businesses, he said allowing for local participation and ownership in them will be a priority to revamp the country’s ailing economy and create more employment for the citizenry.
05/12/2023
The transaction will be implemented by way of a Scheme of Arrangement between the bank and the bank’s shareholders (the Minority Shareholders).
05/12/2023
Struggling power utility Eskom is implementing the worst power cuts on record lasting more than 10 hours a day for some households and businesses
05/12/2023
All new applications for VAT registration will be subjected to a more stringent registration process
05/11/2023
The monetary policy broadly refers to the process by which central banks such as SARB manage the supply and demand of money to achieve economic objectives such as price stability and economic growth.
05/11/2023
At the close of the trading session on Wednesday, Union Bank’s share price moved up by 0.71 percent to N7.05kobo.
05/11/2023
Bank strongly denies being issued any notice of non-compliance by the labour department.
05/11/2023
This Guidelines, issued in exercise of the powers conferred on the CBN under the Central Bank of Nigeria Act,
05/10/2023
An approved representative office is barred from carrying out banking business or any other regulated activity in Nigeria.
05/10/2023
The Bretton Woods lender will be expected to wire the billions to the exchequer in a month given that the financing has been budgeted for the financial year 2022/23 ending on June 30.
05/10/2023
The partnership paves the way for increased knowledge sharing, cooperation, and collaboration between the legal and business communities of both countries.
05/10/2023
At the expiration of the debarment period, Goldsun Investments Company Ltd. will only be eligible to resume
05/09/2023
The Federal Open Market Committee (FOMC) has not been explicit or clear on this, however.