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Banking
British Banks Cancel Payment Of Dividends To Shareholders
Britain’s banking sector on Wednesday scrapped billions of pounds (dollars) in shareholder dividends and share…
Standard Bank Withdraws Guidance Over COVID-19
Standard Bank on Tuesday withdrew its financial guidance citing uncertainty caused by the coronavirus (COVID-19)…
US Fed Sets Up Scheme To Meet Booming Foreign Demand For Dollars
Central bank meets global shortage of greenbacks after scramble for safety. Investors and companies have flocked to…
Why Is The US Fed´s Unlimited Money-Printing Scheme Dollar Positive In Coroanvirus…
Why the Fed´s unlimited money-printing scheme is dollar positive in coroanvirus times
The Fed's "buy…
Unknowns Await Emerging Markets After Wildest Moves Since 2008
As most nations brace themselves for a likely surge in coronavirus cases through April, the signals from the…
‘Clear We Have Entered Recession’ – IMF Chief
The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help…
Coronavirus: IMF, World Bank Suspend Debt Payments By Nigeria, Others
The International Monetary Fund and World Bank on Wednesday announced a hold on debt payments from Nigeria and…
Banks in the UK close branches
Scores of bank branches are closed and others have restricted opening hours as a result of the coronavirus crisis.…
BREAKING: CBN Retains MPR At 13.5% To Allow ‘Interventions Play Out’
The monetary policy committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the monetary…
Historic Fed Boost Fails To stop Wall Street’s Virus-Driven Sell-Off
Wall Street’s slide deepened on Monday as the rapidly spreading coronavirus forced more U.S. states into lockdown,…
Economic Shock From Coronavirus Already Bigger Than Financial Crisis — OECD Boss
The world will take years to recover from the coronavirus pandemic, the Organisation for Economic Co-operation…
Stanbic IBTC Declares N75b Profit For 2019
STANBIC IBTC Holdings Plc has declared a profit after tax of N75 billion for the year ended December 31, 2019, an…
Forex Racketeering: CBN Fines Banks, BDCs Hundreds Of Millions For Infraction
THE Central Bank of Nigeria (CBN) reportedly fined major banks and bureau de change operators hundreds of millions…
Goldman Injects $1 Billion Into Own Money-Market Funds After Heavy Withdrawals
Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due…
Germany Prepares 150 Billion Euro Emergency Budget In Coronavirus Package
Germany is readying an emergency budget worth more than 150 billion euros ($160 billion) to shore up jobs and…
U.S. Coronavirus Stimulus To Be Worth ‘North Of $2 Trillion’ -White…
The White House expects the impact of economic stimulus to counter the effects of coronavirus to be more than $2…
How Sham Trades Tricked Germany Out Of Billions
Two British bankers were handed suspended jail sentences on Wednesday and one told to pay a 14 million euro penalty…
British Banker Hit With 14 Million Euro Penalty In German Fraud Trial
Two British bankers were handed suspended jail terms on Wednesday and one a 14 million euro penalty in Germany’s…
CBN rolls out new forex regulations
As the battle to save the Naira from a free fall ensues, the Central Bank of Nigeria (CBN) has resumed a weekly…
Bank of England cancels stress tests for UK’s biggest lenders
The Bank of England will postpone all non-critical supervisory work in the City and review plans to run the banking…
South Africa Regulator to Crack Down on Price Gouging in Disaster
South Africa’s Competition Commission will prioritize complaints about rising prices for essential products to…
Nigerian Central Bank Starts Uniform Exchange Rate for Naira
Nigeria’s central bank will migrate to a single exchange rate for the naira by collapsing the multiple exchange…
Coronavirus: Banks advice customers to use digital platforms
Banks in the country have urged their customers to utilise their digital self-service solutions because of the…
The Only Question on South African Rate Cut May Be ‘How Much?
The debate around South African interest rates has now moved from whether the central bank will cut, to how much…
CBN grants businesses one-year extension on loan repayment
The Central Bank of Nigeria on Monday announced policy measures to tackle the impact of coronavirus on the…
CBN Policy Measures In Response To COVID-19 Outbreak And Spillovers
March 16, 2020
The Corona Virus (COVID 19) pandemic is having significant adverse consequences for both the…
Zenith Bank limits int’l withdrawal amount on card
Zenith Bank has limited the monthly international withdrawal limit on its Naira cards to $1,000 per month,…
US Federal Reserve cuts rates to zero to support economy during coronavirus…
In a bold, emergency action to support the economy during the coronavirus pandemic, the Federal Reserve on Sunday…
Reports suggest Zenith Bank given green light to acquire Union Bank
Zenith Bank Plc has reportedly been given the green light to merge or acquire Union Bank Nigeria Plc.
Market unfavourable for Naira devaluation – CBN
The Central Bank of Nigeria (CBN) says market fundamentals do not support Naira devaluation this time around.…