Nigeria’s All-Share Index Nears 106,000 as Market Rallies
The Nigerian stock market rebounded strongly this week, fueled by consumer goods, insurance, and banking…
Posted inBanking
AfDB President Slams African Banks for Failing Young Entrepreneurs
President of the African Development Bank (AfDB), Akinwumi Adesina, has criticized African commercial banks for…
Posted inBanking Blockchain Crypto Economy
Banks Must Adapt as Crypto Transactions Soar to $59 Billion
Cryptocurrency transactions have reached $59 billion in Nigeria, underscoring a financial shift that banks can…
Naira Weakens Further Amid CBN Intervention, Crypto Market Reacts to Trump’s Policy Shift
The Naira depreciated by ₦10.23 (0.75%) against the U.S. Dollar in the Nigerian Autonomous Foreign…
CBN Introduces FX Code for Ethical Conduct in the FX Market
The Central Bank of Nigeria (CBN) has approved the Nigerian Foreign Exchange (FX) Code to…
CBN Launches new accounts to attract Nigerian Diaspora Investments
The Central Bank of Nigeria (CBN) has introduced two new types of accounts: the Non-Resident…
Ethiopia to Open Stock Exchange after 50 Years
Ethiopia is preparing to reopen its stock exchange after it was shut down 50 years…
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…
Posted inBanking Blockchain Crypto Economy Regulations Technology
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…
Posted inBanking Blockchain Crypto DeFi Economy General News NEWS Technology WEB 3.0
Transforming Financial Inclusion in Africa Via Blockchain Technology
Over the past decade, financial inclusion in sub-Saharan Africa has made significant progress as in…
Posted inBanking
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%…
Posted inBanking Exchange NAIRA RATE Stocks Trading
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,…
Posted inBanking NEWS Regulations
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…