Czech National Bank Governor Considers Bitcoin for Reserves
Aleš Michl, the governor of the Czech National Bank, has expressed interest in Bitcoin as…
National Bank of Ethiopia Maintains Benchmark Rate at Inaugural MPC Meeting
The National Bank of Ethiopia has decided to keep the country’s main interest rate at…
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Cryptocurrency Adoption in Nigeria and South Africa
A recent research by ConsenSys and YouGov reveals the behavior, adoption patterns, and hurdles surrounding…
Posted inBanking Economy General News NEWS Regulations Top News
Tax Reforms In Nigeria
SBM Intelligence’s recent survey reveals mixed feelings among Nigerians about the proposed tax reform bills.While…
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Transforming Financial Inclusion in Africa Via Blockchain Technology
Over the past decade, financial inclusion in sub-Saharan Africa has made significant progress as in…
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Nigeria issues two Eurobonds with yields over 10% to address 2024 budget deficit
Nigeria is returning to the international capital markets for the first time in over two…
Hong Kong’s largest digital bank launches retail crypto trading
Hong Kong’s biggest virtual bank, ZA Bank, has launched a service that lets regular people…
COULD PRESIDENT TRUMP’S NEW PLAN REVOLUTIONIZE GOVERNANCE
Donald Trump has announced an ambitious initiative to tackle government inefficiency and wasteful spending involving…
Posted inBanking Economy Technology
Nigeria’s Debt-to-GDP Ratio Hits 55% in June 2024
Nigeria's debt-to-GDP ratio ramped up to 55% by June 2024, a significant jump from 42.4%…
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All-Share Index Rises by 0.09%, Nigerian Stock Market Sees Modest Gain
On November 8, 2024, the Nigerian All-Share Index (ASI) ended with a slight gain of…
Nigeria External Reserves hits $40.2B
The Central Bank of Nigeria (CBN) announced that the country’s external reserves have risen to…
Posted inBanking
Nigerian equities market on bullish run as market cap hits N29B
The Nigerian stock market continued its bullish trend for the third consecutive trading day with…
African Development Bank Secures $421M Loan from Japan
In order to help the AfDB support development projects in Africa, the African Development Bank…
New tax bills mandate finance workers to have tax id to operate bank accounts.
The federal government has proposed a new law that will require individuals in banking, insurance,…
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Central Bank of Kenya Lowers Interest Rate to 12%
The Central Bank of Kenya (CBK) has reduced its interest rate by 0.75%, bringing it…
Nigeria’s net forex inflow increases by 67% to $27.6bn
The Nigeria forex inflow increased by 67.8% to $27.6B, compared to $16.44B during the same…
National Bank of Bahrain launches its first Bitcoin investment fund.
The National Bank of Bahrain presented the launch of its very first Bitcoin investment fund…
More than 93% of the total Naira in circulation is not in the Nigerian banks.
According to the CBN, the total currency in circulation has reached N4.14 trillion, with N3.87…
Zimbabwe’s Gold-Backed ZiG Faces Continued Decline Following Currency Devaluation
The Central Bank of Zimbabwe allowed their gold-backed currency, ZiG, to lose about 43% of…
Bank of Ghana Launches Gold Coin to Discourage Hoarding of Dollars
The Bank of Ghana has initiated and introduced a gold coin for the purpose of…
Central Bank of Ghana Cuts Interest Rate by 200 Base Points
From 29% to 27%, the Central Bank of Ghana has reduced its key interest rate…
PBOC to Release $140B Stimulus Package into Circulation
The People's Bank of China, China's central bank, has introduced a stimulus package geared towards…
CBN to Launch eNaira Version 2.0 Focusing on Money Deposit Banks
Following the just-released document on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal…
CBN Raises Interest Rate by 50bps, Sparking Outcry from Student Loan Borrowers.
The Central Bank of Nigeria (CBN) raised its Monetary Policy Rate (MPR) by 50 basis…