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Banking
Kenya Commercial Banks Raise Base Lending Rates for Seventh Consecutive Month
Kenyan commercial banks have increased their base lending rates for the seventh consecutive month, reaching 13.31!-->…
NDIC Trains Law Enforcement Operatives to Probe Revoked MfBs and PMBs
The Nigeria Deposit Insurance Corporation (NDIC) has organized a workshop to train law enforcement operatives and!-->…
Nigerian Government Aims for N100 Trillion Asset Under Management (AuM) Growth…
The Nigerian Federal Government, represented by the Ministry of Finance Incorporated (MOFI), has set a target to!-->…
Nigerian Central Bank to Rename Official Forex Market as Nigerian Foreign Exchange…
The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, announced that the official foreign!-->…
Central Bank of Nigeria Exempts Microfinance and Primary Mortgage Banks from Cash…
The Central Bank of Nigeria (CBN) has issued a circular exempting Primary Mortgage Banks and Microfinance Banks!-->…
Central Bank of Nigeria Achieves 64.1% Financial Inclusion, Targets 95% by 2024
The Central Bank of Nigeria (CBN) has reported achieving a financial inclusion rate of 64.1%. The CBN aims to!-->…
NOVA Merchant Bank Receives Shareholder Approval for Transition to Commercial…
NOVA Merchant Bank has obtained the approval of its shareholders to transition into a commercial bank during its!-->…
NGX Reclassifies Fidelity Bank Plc’s Stock to Medium Price Category
The Nigerian Exchange Limited (NGX) has announced the reclassification of Fidelity Bank Plc's stock from Small!-->…
Fidelity Bank to Raise Additional Capital through Public Offer and Rights Issue
Fidelity Bank plans to seek approval from its shareholders to raise additional capital through the issuance of!-->…
NOVA Merchant Bank Unanimously Approved for Transition to Commercial…
Shareholders of NOVA Merchant Bank have given their unanimous approval to transition the bank into commercial!-->…
Access Bank and Standard Chartered Bank Finalize Agreement for African…
Access Bank Plc and Standard Chartered Bank have reached an agreement for Access Bank to acquire Standard!-->…
Financial Services Stocks Drag Nigerian Bourse, Market Capitalization Declines by…
The Nigerian bourse experienced a downturn last week as losses in FBN Holding Plc, Ecobank Transnational!-->…
Improved Liquidity in Kenyan Market Lowers Interbank Rates
The interbank rate in Kenya has dropped from double-digit levels to 8.62 percent, following improved liquidity in!-->…
Central Bank of Nigeria Upgrades eNaira App with NFC Technology
The Central Bank of Nigeria (CBN) has enhanced its eNaira app by integrating Near Field Communication (NFC)!-->…
Access Bank Completes Acquisition of Majority Stake in Finibanco Angola…
Access Bank Plc, the flagship subsidiary of Access Holdings, has successfully completed its acquisition of a!-->…
Ecobank Petitions FBN Holdings to Halt Approval of Otudeko’s Share…
Ecobank Plc has filed a petition to FBN Holdings, urging them to suspend the approval of Oba Otudeko's bid for 4!-->…
BoG Anticipates that Inflation would Stay Over 10% Until 2025.
Barring any unexpected shocks, the Bank of Ghana (BoG) expects inflation to be on the decline through the end of!-->…
Request for a Sh2.8 billion debt write-off led Equity to sue TransCentury.
TransCentury Plc was placed under administration after Equity Bank Kenya turned down a request to cancel more than!-->…
Shareholders Approve an Additional N1.5 Billion Capital Infusion for TrustBanc
According to a statement from TrustBanc Holdings Limited, the extra N1.5 billion capital injection into TrustBanc!-->…
CBN eliminates the savings and withdrawal caps on domiciliary accounts
The restrictions on domestic accounts have been abolished by the Central Bank of Nigeria.
The CBN said in a!-->!-->!-->…
CBN Floats Naira at Investors’ Forex Window.
To enable the naira's free float versus the dollar and other major world currencies, the Central Bank of Nigeria!-->…
The Index of Nigerian Banking Equities Rises to a 20-year High.
Following the dismissal of central bank governor Godwin Emefiele last week, who supervised restrictive policies,!-->…
Banks Continue to Maintain Ratio at Above 30% Despite Liquidity Crunch.
Deposit Money Banks (DMBs) operating in Nigeria reported varied Liquidity Ratio (LR) over the statutory level in!-->…
Exposure of Nigerian Banks to $13 billion Eurobond for Ghana Set at $1.7 Billion.
According to a research published by Agusto &Co, Nigerian banks have a significant amount of exposure to the!-->…
African subsidiaries account for half of UBA’s earnings – CEO.
United Bank for Africa Plc has reported that all of its African businesses are now on solid ground, adding!-->…
The NDIC will auction the assets of failed banks and reimburse clients.
Following the Central Bank of Nigeria's cancellation of licenses for 179 microfinance institutions and four!-->…
In April, bank credit to the private sector surpassed N44 trillion.
The Central Bank of Nigeria (CBN) has revealed that banking industry lending to the private sector surpassed N44!-->…
The CBN prohibits the mint corporation from printing checks.
According to a recent circular, the Central Bank of Nigeria has authorized four indigenous businesses to issue!-->…
Eight Banks Report Loan Losses at N502 billion.
Eight banks reported N502 billion in net impairment charges in 2022, in an effort to lessen the adverse effects of!-->…
CBN will Provide Rules for Contactless Payments.
According to the Central Bank of Nigeria (CBN), guidelines will soon be released to encourage the effective and!-->…