Equity is the first bank to increase loan interest rates to take into account the new CBK rate.
Equity Bank, Kenya’s most profitable bank, has announced an increase in loan prices following the Central Bank of Kenya’s (CBK)…
Day: July 7, 2023
New Sh70 billion syndicated loan eases Kenya’s currency problems.
Kenya has secured a syndicated loan of Sh70.4 billion ($500 million) from a consortium of international lenders, including Citi Group,…
Naivas founders aim for Sh5.8 billion as foreigners take over
The family of Peter Mukuha Kago, the founder of Naivas, plans to sell an additional 11% stake in the company…
To alleviate hardship, President Tinubu suspends important tax measures.
In an effort to boost manufacturing and improve the ease of doing business, President Bola Ahmed Tinubu of Nigeria has…
We are collaborating with key players to shorten the settlement cycle – NGX
Nigerian Exchange Limited (NGX) has announced its commitment to reducing the settlement cycle from T+3 to T+1 in collaboration with…
Productivity declined in June as a result of the removal of fuel subsidies- PMI Report.
In June 2023, the Nigerian economy experienced a decline in productivity following the removal of fuel subsidies, resulting in heightened…
CBN adds Cameroon, Vietnam, and Croatia to its radar for money laundering.
The Central Bank of Nigeria (CBN) has issued a circular instructing banks and other financial institutions in the country to…
NNPCL intends to build a new $8 billion international gas pipeline.
The Nigerian National Petroleum Company Limited (NNPCL) has announced plans to construct another international gas pipeline valued at approximately $8…