News
Nigeria: CBN Sells N1.6 Trillion in OMO Bills at 21.8% to Investors
The Central Bank of Nigeria (CBN) successfully sold N1.63 trillion in Open Market Operation (OMO) bills to investors in two auctions conducted this ...
News
Nigeria: Citibank Nigeria Appoints Nneka Enwereji as New CEO
Citibank Nigeria Limited has announced the appointment of Nneka Enwereji as its new Managing Director and Chief Executive Officer, effective August 19, 2024, ...
Kenya
Kenya’s Inflation Rate Edges Up to 4.4% in August
Kenya’s inflation rate increased slightly to 4.4% year-on-year in August, up from 4.3% in July, according to data released by the Kenya National ...
News
Nigeria: Union Bank of Nigeria’s Ratings Downgraded by GCR Due to Weakened Capital Base
GCR Ratings has downgraded Union Bank of Nigeria (UBN) Plc.’s national scale long-term and short-term issuer ratings, lowering them from BBB+(NG) and A2(NG) ...
Nigeria
Nigeria: Over 30 Million Nigerians Now Have Credit Scores, Says CRC Credit Bureau
CRC Credit Bureau has announced a significant milestone: more than 30 million Nigerians now have credit scores in its database. This achievement underscores ...
Nigeria
Nigerian Government to Enhance Global Market Access for MSMEs
The Federal Government of Nigeria is taking significant steps to broaden global market access for the country’s micro, small, and medium enterprises (MSMEs) ...
Kenya
Kenya: Safaricom Addresses Concerns Over Starlink Payment Cancellation Rumors
Safaricom recently clarified rumors regarding the cancellation of payments for Starlink services, addressing speculation that had circulated online. The telco had previously suggested ...
News
Nigeria: AMCON to Engage International Asset Tracers in Aggressive Debt Recovery Effort
The Asset Management Corporation of Nigeria (AMCON) has announced plans to collaborate with international asset tracers to identify and recover assets linked to ...
News
Nigeria: Naira Depreciates as Official and Parallel Market FX Rates Converge
The Nigerian naira experienced a depreciation of 0.77% against the US dollar, closing at N1,606.56 in the official market on Wednesday. This decline ...
Ghana
Ghana: Bank of Ghana Urges Microfinance Institutions to Strengthen Compliance and Governance
The Bank of Ghana (BoG) has called on microfinance institutions (MFIs) to bolster their governance structures, enhance risk management practices, and strictly adhere ...