NCBA Fully Acquires AIG Kenya Insurance Company
Capital FM
NCBA Group has finalized the full acquisition of AIG Kenya Insurance Company, further expanding its grip on Kenya's insurance sector. Read more »
Central Bank Launches Instant Pay Project
Namibian
The Bank of Namibia (BoN) last week launched the Instant Payment Programme (IPP), aiming to modernise Namibia's payment infrastructure. Read more »
Afreximbank and the WTO Secretariat harmonize efforts to develop trade in Africa
Afreximbank
Today, African Export-Import Bank (Afreximbank or "the Bank") signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to amplify the impact of their… Read more »
Cardoso Urges Stronger Anti-Money Laundering Law
Leadership
Governor of the Central Bank of Nigeria Olayemi Cardoso has called for regulations to strengthen anti-money laundering and cybersecurity crimes within the West African Monetary… Read more »
Omosehin Charges Actuaries On Shaping Future of Insurance With Ai
This Day
The Commissioner for Insurance, Mr Olusegun Ayo Omosehin, has charged members of the Nigerian Actuarial Society (NAS) to collaborate, innovate, and lead the way in shaping the… Read more »
Experts Laud New CBN Policy On Diaspora Remittances, Urge Close Monitoring of IMTOs
Leadership
Economic experts have commended the Central Bank of Nigeria on its latest decision to allow eligible International Money Transfer Operators (IMTOs) to sell foreign exchange… Read more »
Court Orders Banks to Seek Approval From Finance CS Before Raising Interest Rates
Capital FM
The Supreme Court has declared that banks and financial institutions must seek approval from the Cabinet Secretary for Finance before increasing interest rates on loans and… Read more »
Serap Gives CBN 7 Days to 'Account for Missing N100bn Dirty Notes, Other Public Funds'
Vanguard
Socio-Economic Rights and Accountability Project (SERAP) has urged Mr. Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), "to account for and explain the whereabouts… Read more »
Second Banking Sector Recapitalisation - Adopting the Okereke-Onyiuke Model
This Day
As Nigerian commercial banks continue to roll out plans to surpass the new capital threshold introduced by the Central Bank of Nigeria, Nik Ogbuile wonders whether we still have… Read more »
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 »
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 »
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 »
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 »
Account for Missing N100bn Dirty Notes, Others, SERAP Tells CBN
Leadership
Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso to account for the whereabouts of the over… Read more »
Court Blocks CTA Bank Accounts
AIM
The Maputo City Court has ordered the blocking of the bank accounts of the Mozambican Confederation of Business Associations (CTA), as well as the seizure of its head office… Read more »