Bank & Finance

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,…
Jun 24, 2019
International credit rating agencies have had their fair share of controversies over the years. They have been at the centre of the major financial crises from the financial markets collapse…
Jun 21, 2019
The Zimbabwe’s interim currency fell to a new low on the black market on Thursday.   As a result, local firms now demand payment in U.S. dollars, while inflation is…
Jun 21, 2019
South Africa's Reserve Bank will probably cut interest rates next month or in September to boost the country's economy, a Reuters poll found on Friday. A median forecast from 24…
Jun 20, 2019
A Federal High Court sitting in Lagos Nigeria, Southwest Nigeria has granted Wema Bank of Nigeria Plc the power either by itself or through its appointed Receiver Manager to take…
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