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May 20, 2022

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    HomeIndustryBanking

    Banking

    BankingEconomyIndustryNews

    Tanzania fines five banks for breaching anti-money laundering laws

    Tanzania’s central bank said on Monday it had fined five commercial banks over $800,000 for breaching anti-money laundering rules, the latest in a ser...

    • September 23, 2019
    BankingFinancial CrimeIndustryNews

    Nigerian court threatens to sell Ecobank and Union Bank branches over tax evasion

    Ecobank and Union Bank risk losing all their branches in Akwa Ibom after they were shut down with their operations placed on hold. The State High Cour...

    • August 15, 2019
    BankingEconomyIndustryNews

    BREAKING: Nigeria’s Central Bank confirms license of three new banks in Nigeria

    The Central Bank of Nigeria (CBN) has finally confirmed the licensing of three new banks. This is revealed in the information obtained from the websit...

    • July 23, 2019
    BankingIndustryNews

    Tanzania’s central bank sacks CEO of state-run TIB Corporate Bank

    Tanzania’s central bank has removed the chief executive of the state-run TIB Corporate Bank with immediate effect, citing poor performance of the fina...

    • July 15, 2019
    BankingEconomyIndustryNews

    Central Bank of Egypt seen holding key interest rates

    Egypt’s central bank is likely to maintain interest rates at their current level on Thursday, a Reuters poll showed, as analysts foresaw a spike in in...

    • July 9, 2019
    BankingEconomyIndustryNews

    Lend or face sanctions, Nigeria’s Central Bank threatens Nigerian banks.

    Nigeria’s central bank will try to force banks to lend more or face higher cash reserve requirements, part of a series of measures aimed at reviving a...

    • July 8, 2019
    AgricultureBankingEconomyIndustry

    Central Bank of Nigeria disburses N607 billion to fund agricultural projects

    Recent figures obtained from the Central Bank of Nigeria (CBN) have shown that the apex bank disbursed the sum of N607.87 billion credit to some Depos...

    • June 18, 2019
    BankingEconomyIndustryNews

    Facebook launches cryptocurrency Libra in bid to shake up global finance

    Facebook has announced a digital currency called Libra that will allow its billions of users to make financial transactions across the globe, in a mov...

    • June 18, 2019
    BankingEconomyIndustryNews

    Nigeria’s Central Bank directs banks to provide funding for producers of cashew, palm oil

    The Central Bank of Nigeria (CBN) has directed banks to commence funding for small holder farmers and companies producing five products under its expo...

    • June 17, 2019
    BankingIndustryNews

    BREAKING: CBN monetary policy committee holds interest rate at 13.5%

    The monetary policy committee of the Central Bank of Nigeria (CBN)  says it has agreed to keep the monetary policy rate, which measures interest rate ...

    • May 21, 2019
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    Source: ExchangeRates.org.uk

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