CBN Reiterates Directive to Banks On Utilisation of Forex Gains
Premium Times
Banks shall not utilize such FX revaluation gains to pay dividends or meet operating expenses. Read more »
Central Bank Revokes Operating Licenses of Thousands of Forex Bureaus
Premium Times
The Central Bank of Nigeria (CBN) has revoked the operational licences of 4,173 Bureaux De Change operators in the country. Read more »
Parliament Outlines Plan to Contain Dollar Shortage
Daily News
THE National Assembly has outlined various measures to be taken by the government to mitigate dollar shortage in the country, including making all payments being made within the… Read more »
SLB Launches Lending Drive
Lesotho Times
...to help clients achieve their dreams Read more »
How Nigeria, Africa Can Tackle Poverty - Adesina [press release]
Premium Times
Africa's present and former presidents were among hundreds of guests who attended the award ceremony where Mr Adesina delivered the Awolowo Foundation's annual lecture. Read more »
Central Bank Concludes Investigation Into Ponzi Scheme Duo
Namibian
The Bank of Namibia has concluded an investigation into the alleged unauthorised banking activities of CBI Exchange Namibia and Coenraad Botha and the case is now in court. Read more »
CBN Raises Customs Duty Rate to N1,624.7/$1 As Naira Weakens
Leadership
The Central Bank of Nigeria (CBN) has raised the exchange rate for calculating Customs duties at the nation's seaports by 1.9 per cent following further depreciation in the value… Read more »
Nedbank Challenge Cup Preps On Course
The Herald
Zimbabwe Rugby Union (ZRU) vice president Martin Shone says preparations for the third edition of the Nedbank Challenge are well on course as they aim to play host to an exciting… Read more »
First Bank Reiterates Support to Businesses for Economic Growth
Daily Trust
First Bank of Nigeria Plc has reiterated its commitment to supporting businesses through various initiatives and providing financial solutions for a thriving business environment… Read more »
CBN Resumes Sales of Dollars to BDCS At N1,301/$
Daily Trust
Raises interest rate to 22.75% Experts fault new monetary rate Read more »
IMF Executive Board Initiates Selection Process for the Next Managing Director [document]
IMF
The Board Coordinators of the Executive Board of the International Monetary Fund (IMF), Mr. Afonso S. Bevilaqua and Mr. Abdullah F. BinZarah, made the following statement today: Read more »
Herbert Is Gone, Long Live Herbert
This Day
Ever since February 10, 2024, when I learnt of the tragic death of Herbert, his dear wife, Chizoba; his son, Chizi; and our mutual friend, Bimbo, I have been wanting to write to… Read more »
Nedbank Group Achieves Profit Targets
Lesotho Times
The Nedbank Group has once again achieved a stellar performance, attaining all its targets for the financial year ended 31 December 2023. Read more »
Bank Branches Reopen in Sudan Capital
Dabanga
The director of the El Hattana Branch of the Bank of Khartoum announced yesterday that 50 million transactions have been made via the bankak application service during the war… Read more »
IMF Executive Board Completes Fifth Review Under the Extended Credit Facility Arrangement for Uganda [document]
IMF
Washington DC, USA: The Executive Board of the International Monetary Fund (IMF) today concluded the fifth review of Uganda's Extended Credit Facility (ECF) Arrangement. The… Read more »