Bank & Finance

Mar 03, 2019
Zimbabwe’s currency devaluation last week has led to a more realistic exchange rate, yet thin trading implies the new official interbank market isn’t as free as officials suggested.   The…
Mar 02, 2019
The Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIAN) has said that the volume of fraud in Nigerian banks increased to N25 billion in the last five years.…
Mar 01, 2019
The Naira on Thursday appreciated against the dollar at the import and export (I&E) window in Lagos, exchanging at N360.99 to the dollar from the N361.18 it traded on Wednesday.…
Mar 01, 2019
Pension fund administrators in the country have invested a total of N636.99bn out of the total pension funds in their custody in banks as of the end of November 2018.…
Feb 28, 2019
At least two Kenyan cabinet secretaries are facing arrest for their alleged role in two dam projects through which public funds were misappropriated, the Star reported, citing people it didn’t…
Feb 28, 2019
Almost two decades of profligate monetary policy has destroyed Zimbabwe’s economy and fueled rampant inflation, decimating the savings of its people twice.   Hyperinflation of as much as 500 billion…
Feb 27, 2019
In its investor presentation, TymeBank compares its fee structure to those of the established banks in the country, based on a medium-use banking profile of 17 transactions a month. The fee comparison…
Feb 26, 2019
The Central Bank of Nigeria’s (CBN’s) fourth quarter economic report has revealed that about $39.9 billion was injected into the foreign exchange market to defend the Naira between January and…
Feb 22, 2019
New figures released by the Central Bank of Nigeria (CBN) has shown that the Federal Government recorded a deficit of N3.4 trillion in its financial operations in 2018.   The…
Feb 22, 2019
Zimbabwe’s decision to scrap a peg between its quasi-currency bond notes and the U.S. dollar brings a welcome end to a failing monetary policy, but it is not the solution…
Feb 20, 2019
The South African government is forecast to be hit by a tax revenue shortfall of almost R43 billion for the tax year ending next month, Finance Minister Tito Mboweni indicated in his…
Feb 21, 2019
The banking sector report from the National Bureau of Statistics (NBS), released on Tuesday, has shown that banks lending to the economy declined by N455 billion from N15.58 trillion at…
Feb 20, 2019
The Central Bank of Nigeria (CBN) has injected another $210 million into the foreign exchange market in continuation of its intervention in the Inter-Bank Foreign Exchange Market.   According to…
Feb 19, 2019
The fourth quarter 2018 report just released by the Central Bank of Nigeria, CBN, has shown that currency in circulation as at the end of December, 2818 rose 20.9 percent…
  1. Opinions and Analysis

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