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…
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
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…
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…
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…
Top Nigerian Banks with the Lowest Lending Rates
For the manufacturing industry to thrive effectively, they rely on aid from financial institutions. Loan…
Nigerian Banks to Deduct N50 on Transfer Inflows Above N10,000
In compliance with the instructions of the Federal Inland Revenue Service (FIRS), fintech establishments have…
CBN approves the merge of Unity Bank Plc with Providus Bank Limited
Unity Bank Plc notified the Nigerian Exchange Limited (NGX), shareholders, and other stakeholders that the…
Nigeria Invites Shareholders, Depositors Of Failed Banks To Come And Receive Their Claims.
The Nigeria Deposit Insurance Corporation (NDIC) has urged shareholders, creditors and depositors of the 20…
Nigeria Central Bank Proposes 25 Billion Naira Capital Base For Deposit-Taking Fintechs.
Central Bank Nigeria governor, Godwin Emefiele has proposed a 25 Billion naira capital base for…
Reserve Bank of Zimbabwe Develops a Roadmap for the Adoption of CBDC
The governor of the Zimbabwean central bank, John Mangudya, recently said that the country's apex…
Virtual Dollar Cards that Work in Nigeria: Pay Bills Online and Buy Bitcoin With Dollar Virtual Card
Following the flutterwave Barter's virtual dollar card suspension, many individuals are currently looking for alternative…
Posted inNEWS
Nigeria’s Central Bank Places $2 Million Fines On 3 Nigerian Banks Over Crypto Trading.
The Central Bank of Nigeria has fined three Nigerian commercial banks a total of N800…
Posted inNEWS
CBN To Stop Sale of Forex To Banks.
The Central Bank of Nigeria has announced plans to end the sale of Forex to…
Posted inNEWS
There Is No Law Against Crypto In Nigeria: Court Rules. Unfreezes CBN Blocked Accounts Over Crypto Trading.
CBN Circular is Not Law. A Federal High Court sitting in Abuja has vacated an…
Posted inNEWS
Will Nigerian Banks Survive eNaira ?
The much anticipated unveiling of digital currency by the Central Bank of Nigeria (CBN), also…