May 07
Nigeria: CBN Asks Banks to Suspend Charges On Deposit
Daily Trust
The Central Bank of Nigeria (CBN) has ordered commercial banks to suspend charges on cash deposits until September. Read more »
Nigeria: 5 Things to Know About CBN's Cybersecurity Levy to Be Paid By Nigerians
Leadership
In a significant move to bolster national cybersecurity, the Central Bank of Nigeria (CBN) has issued a directive to all banks and financial institutions to implement a… Read more »
Nigeria: Order CBN to Stop 0.5% Charge On Electronic Banking Transactions, SERAP Urges Tinubu
Premium Times
The CBN said the directive was to comply with the amended Cybercrime Act. Read more »
Nigeria: 16 Banking Transactions Not Affected By New CBN's Cybersecurity Levy
Vanguard
The Central Bank of Nigeria (CBN) has ordered all banks to start charging a 0.5 per cent cybersecurity levy on all electronic transactions within the country excluding 16 listed… Read more »
Nigeria: CBN Directs Banks to Charge 0.5% Cybersecurity Levy On Transactions
Premium Times
The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. Read more »
Nigeria: World Bank, Partners Plan $500m to Bridge Agric Data Gap in Nigeria, Others
Daily Trust
A global multi-institutional collaboration has concluded plans to deploy a US$500 million fund for engendering smartness in agricultural development and policy conceptualization… Read more »
May 06
Uganda: Uganda's Biggest Banks Record Bumper Profits Amidst Industry Turmoil
Independent (Kampala)
Uganda's biggest banks recorded bumper profits in 2023 amidst industry turmoil that forced smaller banks to either divest their shares or voluntarily downgrade to credit… Read more »
May 01
Liberia: World Bank Delegation Discusses Policy to Strengthen Liberia's State-Owned Enterprises
FrontPageAfrica
A World Bank Delegation has paid a courtesy call on the Director General of the Bureau of State Enterprises, Hon. Arthur S. Massaquoi at his Capital Bye Pass office in Monrovia. Read more »
April 30
Namibia: Central Bank Broadens Financial Inclusion With Instant Payment Project
Namibia Economist
The Bank of Namibia (BoN) last week launched the Instant Payment Project with the intent of broadening financial inclusion through essential and affordable financial services to… Read more »
April 29
Angola: Angola Central Bank to Approve Payment System Vision
ANGOP
The Central bank of Angola (BNA) plans to approve the National Payment System Vision, for the 2023/2028 period, in November this year, with a view to strengthen access to low-value… Read more »
Kenya: Monarch Insurance Ordered to Pay Two Joint Creditors Sh2.4mn Claim
Capital FM
Monarch Insurance Company Limited has been ordered to pay Sh2.5 million as claim payments to its joint creditors. Read more »
Nigeria: Recapitalisation - Banking Stocks Decline By N2.069trn in 16 Days
Leadership
Nigeria's listed banking stocks' value declined by N2.069 trillion in 16 trading days following the announcement of the recapitalisation exercise by the Central Bank of Nigeria… Read more »
Zimbabwe: FCB Eyes Fresh Lines of Credit
The Herald
First Capital Bank (FCB) says it has engaged the African Development Bank (AfDB) and Trade Development Bank (TDB) for fresh lines of credit after significant drawdowns on previous… Read more »
April 27
Zimbabwe: Reserve Bank Governor Asks MPs to Market ZiG in Communities
New Zimbabwe
RESERVE Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has appealed to Members of Parliament (MPs) to educate communities on the newly introduced currency, Zimbabwe Gold (ZiG). Read more »
April 25
Uganda: Govt Should Rethink Tax On Cash Withdrawals [opinion]
Observer
Whereas the theme for Uganda's National Budget Framework Paper for the financial year 2024/25 is the full monetisation of the economy through commercial agriculture,… Read more »
April 23
Zimbabwe: AFC Insurance Collaborates With Botswana Firm
The Herald
AFC Insurance is collaborating with Phoenix Insurance Company of Botswana to map out ways of boosting agricultural production in both countrie, a development expected to boost… Read more »
Nigeria: Recapitalisation - Access Bank Confident of Raising $300m - AIG-Imoukhuede
Daily Trust
Mr Aigboje Aig-Imokhuede, Chairman of Access Holdings Plc, says he's confident that the bank would raise 300 million dollars in capital for Access Bank, considering the bank's… Read more »
Nigeria: What to Know About New Firstbank's Acting CEO, Alebiosu
Daily Trust
First Bank of Nigeria Limited (FirstBank), on Sunday, announced Olusegun Alebiosu as its new acting Managing Director/Chief Executive Officer pending the approval of the Central… Read more »
Nigeria: Kudos, Caution On Student Loans
Daily Trust
On April 3, President Bola Ahmed Tinubu signed into law the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, which creates the facility for… Read more »
Nigeria: Kenyan Police Arrest Binance Chief Who Fled Nigeria
Vanguard
Police authorities in Kenya have arrested Nadeem Anjarwalla, an executive of cryptocurrency platform, Binance, who fled Nigeria some weeks ago. Read more »
Uganda: Equity Bank Admits 110 Students to Its Leaders Programme
Nile Post
Equity Bank Uganda has selected 110 high-performing students from the 2023 Uganda National Examination Advance Certificate of Education for its Equity Leaders program. Read more »
April 22
Nigeria: Massive Banking Stocks Sell-Off Persists
Vanguard
... As investors lose N1.57trn Read more »
Kenya: DTB Scales Up Operations in Kenya, Commissions 4 New Branches
Capital FM
Trust Bank (DTB) has scaled up its operations in Kenya after opening four new branches located in Gikomba, Tom Mboya, Global Trade Centre (GTC) and Bomet Town. Read more »
Nigeria: Alebiosu Takes Over As Acting CEO of First Bank
Daily Trust
The Board of Directors of First Bank has announced Segun Alebiosu, Executive Director and Chief Risk Officer of First Bank, as the acting Managing Director and Chief Executive of… Read more »
Nigeria: Firstbank Holdings Announces Olusegun Alebiosu Acting Chief Executive of FBN
This Day
The Board of FBN Holdings Plc, yesterday, announced the appointment of Mr. Olusegun Alebiosu as acting Chief Executive, First Bank of Nigeria Limited (FirstBank), its flagship… Read more »