June 19
Nigeria: Q1 2024 - 10 Banks' Opex Up 103 Percent to N1.58tn Amid Inflation, Others
This Day
On the back of inflationary pressure, regulating levy, among others, operating expenses of 10 banks went up by a whooping 103 per cent to N1.58 trillion in the first quarter (Q1)… Read more »
June 18
Namibia: Central Bank, DBN Join Forces
Namibian
The Bank of Namibia and the Development Bank of Namibia (DBN) have partnered up to drive economic development. Read more »
Nigeria: Aiico Insurance Reiterates Commitment to Healthy Community
Vanguard
AIICO Insurance Plc has reiterated commitment to supporting a healthy community and potentially saving lives. Read more »
Zimbabwe: High Interest Rates Frustrate Tobacco Funding
The Herald
Stakeholders in the tobacco industry have described local financial institutions' interest rates as prohibitive and impeding Government's efforts to localise funding for the… Read more »
June 17
Mozambique: New Banknotes Go Into Circulation
AIM
The governor of Bank of Mozambique, Rogério Zandamela, has announced that the new series of notes and coins of the Metical, the national currency, have been circulating… Read more »
Zimbabwe: CBZ Secures U.S.$80m Loan From Afreximbank to Support Exporters
The Herald
CBZ Bank has secured a US$80 million loan facility from the African Export-Import Bank to support trade financing for the country's productive sectors of the economy as well as for… Read more »
Nigeria: Obasanjo, Oduntan Advocates Policy Coherence, Single-Digit Interest Loans for Farmers
This Day
Former President Olusegun Obasanjo has urged the federal government to prioritise food security by offering single-digit interest loans to farmers to further open up the Agric… Read more »
Nigeria: Access Bank, Scidar to Enhance Health SMEs Financing
This Day
Access Bank, has partnered with Solina Centre for International Development and Research (SCIDaR), a prominent non-profit organisation spearheading impactful health interventions… Read more »
Nigeria: Ecobank Reiterates Commitment to Make Adire Industry Leverage AfCFTA
This Day
Ecobank Nigeria has reiterated its commitment to ensure that Nigeria's adire industry leverages the potential of the African Continental Free Trade Agreement (AfCFTA). Read more »
Nigeria: Preserving Central Bank of Nigeria's Autonomy [analysis]
This Day
James Emejo writes on the need to preserve the autonomy of the Central Bank of Nigeria in the interest of the nation's economy Read more »
Nigeria: Recapitalisation - Wema Bank Gets Approval for N40bn Rights Issue
Daily Trust
Wema Bank has disclosed that it has successfully concluded the first tranche of its recapitalisation exercise, having secured all relevant regulatory approvals for the allotment of… Read more »
June 14
Nigeria: Interest Rate Hikes Will Not Control Inflation - World Bank to Central Bank
Daily Trust
The World Bank has said there is a possibility that the monetary policy tightening by the Central Bank of Nigeria (CBN) will not address the ravaging inflation in the country. Read more »
Zimbabwe: CBZ Floats Lucrative Mortgage Finance Products for Diasporans
New Zimbabwe
THE country's largest financial services provider, CBZ Holdings Limited (CBZHL) has floated lucrative Mortgage Finance products ahead of the Zim Diaspora Property Showcase. Read more »
Nigeria: NDIC Commences Liquidation of Heritage Bank's Assets
Daily Trust
The Nigeria Deposit Insurance Corporation (NDIC), on Thursday, in an advertorial in a newspaper publication, listed Heritage Bank's assets nationwide for sale following the… Read more »
June 13
Nigeria: World Bank Announces $2.25bn Loan for Nigeria
Vanguard
The World Bank has approved two financing facilities of $2.25 billion for Nigeria to support the Federal Government's efforts to stabilize the economy. Read more »
Nigeria: CBN Tightening of Monetary Policy Won't Curb Inflation - World Bank
Vanguard
As against predictions by analysts, tightening of the monetary policy by the Central Bank of Nigeria (CBN) might not effectively curb inflation, according to the World Bank. Read more »
Nigeria: CBN Tightening of Monetary Policy Won't Ease Inflation - World Bank
Leadership
Contrary to predictions by analysts, tightening of the monetary policy by the Central Bank of Nigeria (CBN) might not effectively curb inflation, the World Bank has stated. Read more »
June 12
Liberia: Ruling Unity Party Pressuring Central Bank to Employ Partisans
FrontPageAfrica
Despite the bad state of Liberia's economy, FrontPageAfrica has in its possession a list of partisans of the ruling Unity Party (UP) recommended to the governor of Central Bank of… Read more »
Nigeria: Banking Industry Workers' Union Expresses Concerns Over Heritage Bank Staff's Future
Premium Times
The union expresses concerns over the fate of its members in Heritage Bank, saying that they should not be unfairly treated. Read more »
Zimbabwe: Change Booths Will Aid Zig Circulation [editorial]
The Herald
New Reserve Bank of Zimbabwe Governor Dr John Mushayavanhu is at least talking to the right people when it comes to the problems of the small change, most of the major kombi… Read more »
Zimbabwe: Zim Seeks Investment Banks to Drive Growth
The Herald
Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube has issued a clarion call to investors, urging them to establish an investment bank the… Read more »
Zimbabwe: Retailers Pledge to Address Change Shortages
The Herald
Retailers yesterday promised to approach banks to get ZiG coins and the small-denomination notes to help resolve the shortage of small change, which has been building up since last… Read more »
June 11
Nigeria: CBN Disengages 16 Directors Following Implementation of Obaze Report
Premium Times
Insiders said sixteen directors were relieved of their duties following the implementation of the CBN special investigator's report, which accused a number of the bank's staff of… Read more »
Nigeria: Again, CBN Reassures On Safety of Banking System, Depositors' Funds
This Day
The Central Bank of Nigeria (CBN) yesterday reaffirmed its assurance to the banking public that their deposits remained safe amid a resilient industry. Read more »
Nigeria: Access Bank Acquires African Banking Corporation of Tanzania
Premium Times
Access Bank plans to combine ABCT with the consumer and private banking business of Standard Chartered Bank Tanzania when acquired to create an enlarged entity within the Tanzanian… Read more »