June 26
Nigeria: How Access Bank Is Promoting True African Identity
This Day
In commemoration of the 2024 Africa Day Celebration, Sunday Ehigiator writes on how Access Bank Plc, a leading pan-African financial institution, stands at the forefront of… Read more »
June 25
Central African Republic: IMF Executive Board Completes the Second Review Under the Extended Credit Facility Arrangement for the Central African Republic and Approves U.S.$25 Million Disbursement [press release]
IMF
The Executive Board of the International Monetary Fund (IMF) completed today the second review of the Extended Credit Facility arrangement (ECF) of SDR 147.48 million (about US$197… Read more »
Nigeria: Civil Societies Support FG's Recapitalisation, Reform of Banks
This Day
Following the decision of the Central Bank of Nigeria (CBN) to recapitalise commercial banks in the country, the Coalition of Civil Society Organisations in the country has thrown… Read more »
Cape Verde: IMF Executive Board Completes Fourth Review of the Arrangement Under the Extended Credit Facility and First Review of the Arrangement Under the Resilience and Sustainability Facility for Cabo Verde [press release]
IMF
The Executive Board of the International Monetary Fund (IMF) completed the fourth review of Cabo Verde's performance under the 36-month Extended Credit Facility (ECF) arrangement… Read more »
Nigeria: CBN Mandates Banks, IMTOS to Pay Diaspora Remittances in Naira
This Day
The Central Bank of Nigeria (CBN) Tuesday directed banks and International Money Transfer Operators (IMTOS) to pay all diaspora remittances in Naira and match with the… Read more »
Ethiopia: Gambella Surges Gold Supply to Central Bank
Ethiopian Herald
Gambella's gold supply to the National Bank of Ethiopia has seen steady growth since the reform, the State Chief said. Read more »
Nigeria: Foreign Loans Drive Up Capital Importation By 19% to $330m
Vanguard
Increased loan inflows improved capital importation into Nigeria in January 2024 by 19 percent month-on-month, MoM, to $330 million from $280 million in December 2023. Read more »
Nigeria: Otedola Overtakes Otudeko in First Bank, Buys Fresh 797.9m Shares
Vanguard
--Stake now 11.63% Read more »
Nigeria: Otedola Increases Stake in First Bank With N17.2bn Share
Daily Trust
Popular Nigerian billionaire and Chairman of First Bank, Mr. Femi Otedola has increased his shares in the bank with an additional 2.22 per cent stake. Read more »
June 24
Guinea Bissau: IMF Reaches Staff-Level Agreement With Guinea Bissau On Sixth Review of Extended Credit Facility Arrangement [document]
IMF
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of… Read more »
Nigeria: CBN's Withdrawal of Heritage Bank's Licence
Daily Trust
The recent withdrawal of the operating licence of Heritage Bank Plc by the Central Bank of Nigeria (CBN) may have come to some people as a surprise, but to those who know the… Read more »
Nigeria: Liquidity Pressure - Banks Borrow N3.76tn From CBN in Three Weeks
This Day
Following monetary rates tightening by the Central Bank of Nigeria (CBN), which has led to illiquidity in the banking system, banks and merchant banks in Nigeria in just three… Read more »
June 23
Nigeria: Gtco Rated Strongest Brand, Best Banking Brand in Nigeria
Leadership
Africa's leading financial services institution, Guaranty Trust Holding Company Plc ("GTCO" or "the Group"), has added to its impressive haul of accolades as it was recently named… Read more »
Nigeria: Stanbic Ibtc Insurance Offers Platform to Secure Children's Academic Future
Leadership
Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has launched the Education Endowment plan to deepen financial protection net to secure children's future with their… Read more »
Ghana: Access Bank Ghana Records Total Assets of Ghs12.30bn
Leadership
Access Bank Ghana Plc has declared total assets of GHS 12.30 billion for the financial year ended December 31, 2023. Read more »
June 20
Nigeria: Femi Otedola Increases Stake in First Bank Holdings, Buys 546.7 Million Units of Shares
Vanguard
Mr Femi Otedola, has increased his stake in FBN Holdings, with the additional purchase of N546, 674, 034 units of shares valued at N12.01 billion. Read more »
Nigeria: First Bank Announces Appointment of Managing Director, Others
Premium Times
The appointments followed the approval of the board and the Central Bank of Nigeria, FBN Holdings said in a regulatory filing. Read more »
Nigeria: Rating Agency Attestations to Wema Bank's Profitability, Assets Quality
This Day
The recent rating by Agusto & Co has further attested to Wema Bank Plc's impressive 2023 financial year performance that showed increasing intrinsic value in profit generation… Read more »
June 19
Nigeria: How $6.2m Stolen From Central Bank Within 24 Hours Was Shared
Daily Trust
The sum of $6,230,000 allegedly stolen from the Central Bank of Nigeria (CBN), on February 8, 2023, was shared and invested into real estate, according to court documents. Read more »
Tanzania: BOT Sells Over U.S.$155 Million to Local Banks
Daily News
In an effort to address the dollar shortage in the country, the Central Bank of Tanzania (BoT) sold a total of 155.8 million US dollars to various banks between January and April… Read more »
Nigeria: Enugu Gov's Wife Enrols 1,701 Expectant Mothers On Health Insurance
Leadership
Enugu State governor's wife, Mrs Nkechinyere Mbah, has launched the "Mama Care Initiative." Read more »
Nigeria: Jigawa Targets 143,500 for Free Health Insurance
Leadership
Jigawa State government has concluded arrangements to commence registration of 143,500 vulnerable and less-privileged people for free health insurance under the Danmodi Care… Read more »
Nigeria: Access Bank Commits to Educational Devt
Leadership
Access Bank Plc has continued to demonstrate its commitment to education and community development, breaking ground for the construction of 60 additional classrooms in Maraban Jos,… Read more »
Nigeria: Tomato Ebola - Need for Agric Insurance
This Day
Recent report by the National Bureau of Statistics (NBS) indicated that food inflation in the country rose to 40.66 per cent in May 2024; a fact that is very worrisome and raises… Read more »
Nigeria: Awori - Ecobank Has Agenda to Drive Growth in Nigeria
This Day
At the just concluded 36th Annual General Meeting (AGM) of Ecobank Group held in Togo, its Chief Executive Officer, Mr. Jeremy Awori expressed the group's determination to… Read more »