Bank & Finance

Jul 17, 2019
International Monetary Fund chief Christine Lagarde announced on Tuesday she had submitted her resignation from the global lender, saying she had more clarity about her nomination to be the next…
Jul 15, 2019
The Central Bank of Nigeria (CBN) has disclosed the duration period under which Deposit Money Banks (DMBs) should resolve different transaction issues lodged by their customers.   The apex bank…
Jul 12, 2019
The Economic and Financial Crime Commission, EFCC, on Thursday disclosed that stolen assets of African continent in Western world worth over $50b.   The Ibadan Zonal Head of EFCC, Friday…
Jul 12, 2019
Foremost African financial institution, Guaranty Trust Bank plc has been named the Best Bank in Africa 2019 by Euromoney at its annual Awards for Excellence, which held in London on…
Jul 11, 2019
Banco Terra de Moçambique (BTM) announced that it has merged with Moza Banco, following a resolution by its shareholders. The merger will be made through the incorporation of BTM into…
Jul 11, 2019
Nigeria’s total public debt that aggregates both external and domestic debt has ballooned to N24.947 trillion ($ 81.274 billion), according to a statement by the Debt Management Office (DMO) on…
Jul 10, 2019
The African Development Bank (AfDB) on Tuesday said Nigeria accounted for $7bn of the $38.7bn inflows that were secured for the African continent at the maiden edition of the African…
Jul 09, 2019
The African Export-Import Bank (Afreximbank) says it is providing one billion dollars grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area…
Jul 08, 2019
Zimbabwe won’t hesitate to raise interest rates above their current level of 50% to deal with speculative borrowers, Finance Minister Mthuli Ncube said on Monday. Zimbabwe hiked its overnight lending…
Jul 05, 2019
In an effort to boost economic growth in Africa’s most-populous country, Nigeria is giving its banks a choice: lend more money, or hand it over to the central bank and…
Jul 05, 2019
Deposit Money Banks, DMBs, in the country can now operate mobile money wallets without getting approvals from the Central Bank of Nigeria, CBN, the apex bank has said in a…
Jun 28, 2019
The Reserve Bank of Zimbabwe (RBZ), will print an extra $400 million in bond notes and coins to cover the gap left by the withdrawal of hard currencies, Governor John…
Jun 26, 2019
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on Monday said his second term would witness the recapitalisation of the banking system.   Emefiele made the promise in Abuja…
Jun 25, 2019
The Governor of the Central Bank of Nigeria (CBN) on Monday said the country’s external reserves have risen from $23 billion in October 2016 to over $45 billion in June,…
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