ZANU PF MPs secured immunity for the Reserve Bank governor and his staff after the House of Assembly approved this week amendments to a Bill to reform the central bank. Reserve Bank governor Gideon Gono has repeatedly pushed for immunity.
Parliament on Wednesday unanimously approved a bill to reform the central bank. In theory this should reduce the powers of bank governor Gideon Gono.
A SOUTHERN African Development Community (Sadc) ministerial team that assessed the implementation of Zimbabwe's troubled power-sharing arrangement recommended that Reserve Bank governor Gideon Gono should be reassigned to save the coalition government from collapse.
The search for a new person to take up the position as Managing Director of the Ghana Commercial Bank (GCB) is gathering a lot of storm after almost a month without the board settling on a successor. Names short listed for the job include Managing Director of Stanbic Bank, Mr. Alhassan Andani and Deputy Managing Director of UniBank, John Kofi Mensah, The Chronicle has learnt.
Mr. Taoufik Baccar, the Governor of Tunisia's Central Bank (BCT) opened on Monday in Tunis, a regional seminar on the theme "Central Banks and the financial crisis."
The hearing of the case facing former Bank of Tanzania Director of Personnel and Administration Amatus Liyumba continued yesterday before the Kisutu resident magistrates' court.
Two years of economic and market turmoil mean that investors cannot ignore the chances of even the most extreme events like global depression or a killer pandemic, a leading investment consultancy said in London on Monday.
Kenya Commercial Bank (KCB) Rwanda is in the process of installing a new banking software that will link all its branches to those of its affiliates across East Africa and Sudan, the bank's Managing Director said on Monday.
Co-operative Development and Marketing minister Joseph Nyagah has asked savings and credit co-operative societies (Saccos) to establish branches in rural areas where financial services are currently not available.
THE partial immunity from prosecution granted to the Central Bank Governor Gideon Gono through amendments to the Reserve Bank Reform Bill "is a safe exit strategy" for a man under immense pressure to throw in the towel, political analysts said last week.
When bankers steal it is sad. When bankers steal, the whole concept of banking becomes meaningless. The 2008 Annual Report of the Nigeria Deposit Insurance Corporation (NDIC) has revealed that 313 bank staff of various categories stole a staggering N53 billion in the year 2008.
The Chairman of the Board of UnityKapital Assurance Company and Managing Director/CEO of Unity Bank of Nigeria Plc, Mallam Falalu Bello, yesterday dropped the hint that the company would get 16 per cent share of the ownership of Transcorp Hilton Hotel, Abuja, in due course.
Fitch has downgraded First Bank of Nigeria Plc's Individual Rating to 'D/E' from 'D'. The agency has simultaneously affirmed the bank's Long-term Issuer Default Rating (IDR) of 'B+', Short-term IDR of 'B', Support Rating of '4' and Support Rating Floor of 'B+'. The outlook on the long-term IDR remains stable. Fitch has also affirmed FBN's national long and short-term ratings of 'A+(nga)' and ...
DESPITE THE challenges of the economy, the Otuasekan Rural bank has with the prudent measures put in place by the Board and management, made a profit before tax increase of 65% of GH¢217,945.91 in 2008, against GH¢131,309.42 in 2007.
Transaction on the Nigerian Stock Exchange reverted to the negative at the opening transactions yesterday, on the heels of a four-day recovery that saw the indicators recording 1.34 per cent growth last week.
