November 04
West Africa: Nigeria's Bank of Industry Under Olusi's Leadership - A Year in Review
This Day
As Nigeria grapples with economic challenges, institutions like Bank of Industry (BOI) play a critical role in providing funding for the private sector and fostering development. Read more »
Cote d'Ivoire: Waemu's Largest Bank Société Générale Sees 12 Percent Profit Jump
Daba Finance
TLDR Read more »
November 03
Nigeria: 10 Banks Generate N12.24tn Interest Income From Loans, Others in Nine Months
This Day
Following the frequent hike in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN), a total of 10 Deposit Money Banks (DMBs) generated an estimated N12.24 trillion… Read more »
October 31
Nigeria: Heirs Insurance Marks 3 Yrs of Operations, Strong Presence in Industry
Vanguard
Heirs Insurance Group (HIG), which started operation barley three years ago has grown to be a force to reckon with in the insurance industry, says the Managing Director and Chief… Read more »
Nigeria: Nsitf Moves to Insure Security in Agency Banking, Fintechs
Vanguard
In a bid to enhance security and welfare of workers in the informal sector, the Nigeria Social Insurance Trust Fund (NSITF) has began moves to accommodate Agency Banking Operators… Read more »
October 30
South Africa: Government Looks Into Insurance for Climate-Related Disaster Events
SAnews.gov.za
Government is exploring options for purchasing insurance for certain climate-related disaster events, where such a practice would not undermine budget sustainability. Read more »
Tanzania: BOT - Avoid Borrowing for Short-Term Needs
Daily News
THE Bank of Tanzania (BoT) has advised citizens to refrain from taking loans solely to address short-term financial challenges, warning that such practices can lead to… Read more »
Nigeria: Customers Express Frustration As Banks' It Glitches Linger
Daily Trust
'Development widening trust deficit' Upgrades have messed up small businesses - NASME Read more »
October 28
Nigeria: Polaris Bank Retains Best Digital Bank Award for the Fourth Year [press release]
Premium Times
Polaris Bank says it has seen tremendous market gain in digital transactions in the first eight months of 2024. Read more »
October 27
Nigeria: Cardoso - CBN Confident of Attracting $12bn Diaspora Inflows in 365 Days
This Day
*Says apex bank working assiduously to get Nigeria out of grey list Read more »
October 25
Nigeria: First Bank to Consumers - Our Platform Transition Won't Affect You
Premium Times
"There is no plan for systems upgrade for customers applications which are fully operational." Read more »
Nigeria: Nigeria's External Reserves Hits $40.2bn - CBN
Vanguard
The Central Bank of Nigeria, CBN said that the nation's external reserves has risen to $40.2 billion as at October 18, 2024. Read more »
October 24
Nigeria: CBN Counters House of Reps, Says No Deadline On Old Naira Notes
Leadership
The Central Bank of Nigeria (CBN) has said that there is no plan to stop the circulation of the old denominations of Naira banknotes. Read more »
Nigeria: CBN Moves to Ensure Forex Market Not Dependent On Intervention - Official
Premium Times
The CBN plans to improve supply organically without its intervention from time to time while maintaining balance in the market. Read more »
Nigeria: Diaspora Nigerians No Longer Send Money Back Home Via Unorthodox Means - Cardoso
Premium Times
The Central Bank of Nigeria said diaspora remittances increased year-on-year by 130 per cent to $553 million in July 2024 from the corresponding period of 2023. Read more »
Zimbabwe: Robbers Keep Targeting Banks
The Herald
POLICE have launched a manhunt for four suspected robbers who, armed with machetes and axes, raided a financial institution in the Mumvuri area of Shurugwi and got away with US$5… Read more »
October 23
Africa: The IMF Just Made the Case for Its Own Irrelevance [opinion]
IPS
On Friday the 11th, the IMF announced policy changes that will save developing countries $1.2 billion per year. Despite the self-congratulations and fanfare, these reforms are only… Read more »
Nigeria: Nigeria to Launch Non-Resident BVN Platform in December - Cardoso
Premium Times
He explained that the initiative is part of efforts to ensure that Nigerians irrespective of their location anywhere in the world can participate in the Nigerian economy without… Read more »
Nigeria: What Nigeria Must Do to Take Millions Out of Poverty - World Bank
Premium Times
"Without jobs, poor Nigerians will not be able to escape poverty. More than half of the population lives in poverty," the bank said. Read more »
Ghana: CJ Tasks Judges to Be Abreast of Insurance Laws
Ghanaian Times
The Chief Justice, Justice Getrude Torkono, has tasked Judges in the country to be abreast of the country's insurance laws to enable them to deliver fair and effective judgment on… Read more »
Nigeria: Forex Subsidy Cost Nigeria N13trn in 3 Years - World Bank
Leadership
The federal government incurred a significant loss of N13.2trn in foregone revenue as a direct consequence of the implementation of its foreign exchange subsidy policy between 2021… Read more »
October 22
Sudan: AfDB Support Food Security Project in Sudan With $176.8 Million
SNA
The African Development Bank (AfDB) has approved the allocation of a grant of about $100 million from the resources of the African Development Fund of the Bank Group to finance the… Read more »
Nigeria: Q3 2024 - UBA Crosses N30trn in Total Assets, Pbt Up By 20 Percent to N603bn
This Day
Kayode Tokede Read more »
Nigeria: Milan Bank On Chukwueze Against Brugge Tonight
This Day
After losing their first two matches, AC Milan will try to revive an ailing UEFA Champions League campaign this evening as they welcome Club Brugge to San Siro. Read more »
Nigeria: AG Mortgage Bank Partners Hacey, to Support Nigerian Women-Owned Businesses
This Day
The Chief Executive Officer of AG Mortgage Bank, Mr. Ngozi Anyogu has announced a groundbreaking partnership with HACEY, a not-for-profit organization, aimed at annually supporting… Read more »
