October 22
Nigeria: UBA Grows Pre-Tax Profit By 20 Percent to N603bn in Q3 2024
Daily Trust
The United Bank for Africa (UBA) Plc, on Monday announced its unaudited results for the third quarter ended September 30, 2024, in which it recorded strong and impressive growth… Read more »
Nigeria: Man Assaulted for Attempting to Swap Woman's ATM Card
Daily Trust
A mob descended on a man, identified as Kenneth Moses, for allegedly attempting to swap a woman's ATM card at a bank in Gwagwalada Area Council of the FCT. Read more »
October 21
Africa: African Caucus Meeting - African Caucus and the IMF Reaffirm Commitment to Strengthening Africa's Economic Resilience [document]
IMF
Mr. Wale Edun, Nigeria's Minister of Finance and Chair of the African Caucus, and Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the… Read more »
Nigeria: Aiico Insurance Expresses Commitment to ESG Adoption
This Day
Ebere Nwoji Read more »
Zimbabwe: Financial Inclusion Critical for Stability - RBZ
The Herald
The Reserve Bank of Zimbabwe (RBZ) says financial inclusion is a significant catalyst and essential contributor to financial sector stability and inclusive economic growth. Read more »
Nigeria: Tajbank Pays 2nd Dividend - Shareholders' Fund Grows By 960 Percent
Daily Trust
TAJBank Limited, Nigeria's fastest growing non-interest bank, has set a new record in Nigeria's banking sector history with the payment of dividends to its shareholders at the end… Read more »
October 18
Nigeria: Nigeria Must Cut Govt Waste, Direct Spending to Targeted Poverty Programmes - World Bank
Vanguard
The World Bank said on Thursday that Nigeria must cut government waste and direct spending to targeted poverty programmes and stick to realistic budgets to avoid unplanned… Read more »
Nigeria: Conduct Audit to Reconcile What NNPC Owes Federation - World Bank to Govt
This Day
The World Bank yesterday urged the federal government to carry out an audit to reconcile what the Nigerian National Petroleum Company Limited (NNPC) is owing the Federation as part… Read more »
Nigeria: Reversing Tinubu's Policies Will Spell Doom for Nigeria - World Bank
Daily Trust
The World Bank has warned that reversing the federal government's economic policies will spell doom for Nigeria. Read more »
Kenya: Stockbroker Transits to Investment Bank, Eyes Diaspora Investors
Business Day Africa
Stockbroker Securities Africa has rebranded to Capital A Investment Bank following the regulator's nod, even as it eyes diaspora investors. Read more »
October 17
Benin: Benin - IMF Reaches Staff-Level Agreement On Fifth Review of Extended Fund and Extended Credit Facilities and the Second Review of Resilience and Sustainability Facility [press release]
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 »
Africa: How the World Bank and IMF Can Truly Drive a Clean Energy Transition [analysis]
African Arguments
The financial institutions' current approaches to funding renewable energy projects are far too limited, rigid, and opaque. Read more »
Nigeria: Small Scale Industrialists to Access N200bn Boi Loan
Leadership
The Association of Nigerian Small Scale Industrialists (NASSI) has signed a Memorandum of Understanding (MoU) with the Bank of Industry (BOI) for its members to access a N200… Read more »
Nigeria: We Are Addressing Balance of Fx Backlog - Cardoso
Vanguard
The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has said the apex bank is addressing the long outstanding balance from the $7 billion foreign exchange… Read more »
October 16
Kenya: President Ruto Urges Banks to Lower Interest Rates to Spur Economic Growth
Capital FM
President William Ruto has urged local banks to lower interest rates in order to stimulate economic growth by providing affordable loans to micro, small, and medium-scale traders. Read more »
Kenya: Capital a Investment Bank Eyes Diaspora Investors As It Rebrands
Capital FM
Capital A Investment Bank, previously known as Securities Africa Kenya Limited, has rebranded after recently receiving an investment bank license from the Capital Markets Authority… Read more »
Kenya: Banks Face Pressure to Lower Rates Following CBK's Recent Cut
Capital FM
Banks are facing increasing pressure to lower interest rates after the Central Bank of Kenya (CBK) recently slashed the benchmark rate by 75 basis points to 12 percent with an aim… Read more »
Nigeria: IMTO Inflows Increased By 47% to $2.33bn in Six Months - Central Bank
This Day
Data released by the Central Bank of Nigeria (CBN) showed that Inflows through International Money Transfer Operators (IMTOs) grew by 47 per cent to $2.33 billion in the first six… Read more »
October 15
Africa: World Bank Slightly Cuts Growth Projections for Africa in 2024
New Times
The World Bank has revised the economic growth projection for Sub-Saharan Africa to 3 per cent from 3.4 per cent as earlier indicated in April, according to the latest Africa Pulse… Read more »
Nigeria: Herbert Wigwe's Family Refutes Dispute Over Late Banker's Assets, Father's Involvement
Premium Times
The family denied any family battle over the late Herbert Wigwe's estate. Read more »
Liberia: Central Bank of Liberia Holds Strategic Stakeholders Engagement in Ganta
FrontPageAfrica
The Central Bank of Liberia (CBL) recently concluded a one-day external stakeholders' engagement in Ganta, Nimba County. The event, which brought together participants from all 15… Read more »
