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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...
Banking
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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 ...
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Kenyan watchdog approves Commercial Bank of Africa and NIC Group merger
The Competition Authority of Kenya approved on Monday a proposed merger between Kenya’s Commercial Bank of Africa and NIC Group, the regulator said in...