Bank & Finance

Jul 27, 2018
The Naira on Thursday gained marginally against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained 50 kobo to close…
Jul 25, 2018
The impact of the escalating global trade war is likely to shave 0.1% off South Africa's gross domestic product (GDP) baseline forecast in 2019 and 0.2% in 2020, according to…
Jul 23, 2018
The Central Bank of Nigeria (CBN) on Friday sold Chinese Yuan for the first time through an auction-based system designed for Chinese Yuan foreign exchange window with the People’s Republic…
Jul 20, 2018
The Board of Directors of Ecobank Nigeria Limited has announced, the appointment of Patrick Akinwuntan as the Managing Director designate of Ecobank Nigeria, subject to the approval of the Central…
Jul 19, 2018
Brokers on the floor of Nigerian Stock Exchange in Lagos.   Continued share price depreciation on the equity sector of the Nigerian Stock Exchange (NSE), yesterday pulled the market capitalisation…
Jul 18, 2018
Central Bank of Nigeria (CBN) on Tuesday injected $210 million into the inter-bank foreign exchange (forex) market. It offered $100 million to authorised dealers in the wholesale segment of the…
Jul 17, 2018
The International Monetary Fund (IMF) has raised its growth projection for the Sub-Saharan Africa’s economy to 3.8 percent in 2019 from 2.8 percent in 2017, implying 0.1 percentage point increase…
Jul 14, 2018
It was revealed that Absa clients will now be allowed to do their banking via WhatsApp. Banking via WhatsApp will be a first for South Africa. The company launched their…
Jul 11, 2018
Apex bank guarantees global institution’s $300m credit line The World Bank and Central Bank of Nigeria (CBN) have initiated collaborations in efforts to review the existing Land Use Act laws…
Jul 11, 2018
Absa unveiled its new look on Wednesday, including a colour scheme that claims a wider spectrum of red. The bank has effectively been chained to the staid Barclays brand for…
Jul 09, 2018
Sterling Bank Plc, recently declared as a Great Place To Work, has decalred work-free day for all its employees across the country. The decision, according to the bank, was in…
Jul 08, 2018
SBV is offering a R1 million reward for information on a cash-in-transit heist that left two guards dead in Tsolo, Eastern Cape, on Friday. It said in a statement that…
Jul 07, 2018
Nearly ten years ago the Central Bank of Nigeria conducted a deep assessment of the country’s banks. The 2009 exercise exposed large-scale fraud committed by a number of CEOs. To…
Jul 06, 2018
Governor of the Reserve Bank of Zimbabwe John Mangudya said that there were no plans to re-introduce local currency as purported in messages being posted on social media. A letter…

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