Bank & Finance

Oct 14, 2018
The Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele, says maintaining stable exchange rate to avoid depreciation of the Naira is better than building foreign reserve buffers. Emefiele told…
Oct 14, 2018
The World Bank and IMF have endorsed Zimbabwe’s plan to clear more than $2 billion in foreign arrears, the finance minister said, adding that the lenders had also backed his…
Oct 12, 2018
A recent World Bank report showed that Somalia has one of the most active mobile money markets in the world, outpacing most other countries in Africa. It’s even superseded the…
Oct 11, 2018
A bank in South Africa collapsed after scores of people and companies looted 1.9 billion rand ($130 million) over three years, an investigation revealed Wednesday, in one of the country’s…
Oct 10, 2018
The rand has been on a seesaw over the past 24 hours hitting above R15 to the US dollar.   Currently the rand is at High R14.60 Low R14. 57…
Oct 10, 2018
The European Central Bank reportedly wants to crack down on a practice known as "back-to-back" booking after Brexit.   The process effectively sees banks and other institutions carry out business…
Oct 08, 2018
The Central Bank of Nigeria (CBN) said it expects to maintain its tight monetary policy stance until the inflationary pressures ease towards it target band as it doesn’t see oil…
Oct 05, 2018
An accountant walked up to a teller at a suburban London branch of HSBC Holdings PLC and asked to transfer $2 million to Japan. The teller pulled up the account…
Oct 04, 2018
The African continent is said to be losing over $80 billion to illicit financial flows every year, according to South Africa’s former President, Thabo Mbeki.   The loss represents an…
Oct 03, 2018
The New York Times on Tuesday released an extensive investigation focused on President Donald Trump's fortune. The Times reported that the president and his family engaged in "instances of outright…
Oct 01, 2018
The monetary policy to be announced by Reserve Bank of Zimbabwe Governor Dr John Mangudya today is expected to proffer solutions to prices that have been going up and announce…
Sep 29, 2018
The Economic and Financial Crime Commission (EFCC) has commenced investigation of directors of the defunct Skye Bank with a view to prosecute them.   This is according to the Managing…
Sep 28, 2018
A Liberian court has issued arrest warrants for more than 30 former Central Bank officials in connection with 104 million dollars that went missing on the way to the bank,…
Sep 27, 2018
The Federation Account Allocation Committee (FAAC) has shared a total of N741.84 billion to the federal, states and the local governments, the first disbursement by FAAC since the emergence on…
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