News
Nigeria: Number of Licensed Insurance Companies Increases to 67 – NAICOM Report
The tally of licensed insurance companies permitted to conduct operations in Nigeria has surged to 67, based on the most recent data disclosed ...
News
Nigeria: CBN Extends N37.6 Billion Loans to Mortgage Banks in 2022 – Financial Report
The Central Bank of Nigeria (CBN) disbursed loans and advances totaling N37.6 billion to mortgage banks in the year 2022, as indicated by ...
News
Rwanda’s Central Bank Raises Lending Rate to 7.5% in Response to Inflationary Pressures
The central bank of Rwanda has taken a decisive step in addressing prevailing inflationary pressures and other economic challenges by raising its lending ...
Global
Global: Hong Kong Ranks 4th Globally for Ease of Business, While Indonesia and Mainland China Are the Most Complex in APAC
TMF Group, a prominent provider of compliance and administrative services, has recently released the tenth edition of its Global Business Complexity Index (GBCI). ...
News
Nigeria: Naira Gains Ground at Official Market, Trading at 740.67/$
The Nigerian naira exhibited strength against the dollar, marking a positive trajectory on Thursday as it concluded trading at 740.67/$ on the Investor ...
News
Nigeria: Decline in Currency in Circulation Recorded After Five Months
The total currency in circulation within the country has experienced a decline, moving from N2.6tn (N2,603,266m) at the close of June 2023 to ...
News
Zimbabwe’s Central Bank to Introduce Gold-Backed Digital Tokens for Everyday Transactions
The Reserve Bank of Zimbabwe (RBZ) has announced significant progress in its plans to launch Gold-Backed Digital Tokens (GBDT) for public use in ...
Global
Global: RBI Permits Infrastructure Debt Funds to Raise Funds via Foreign Loans for Enhanced Financing
The Reserve Bank of India (RBI) has announced that infrastructure debt fund non-banking financial companies (IDF-NBFCs) are now authorized to gather funds through ...
News
Nigeria: Repayment of $3.4 Billion IMF Loan Set During Bola Tinubu’s Administration
The present administration under Bola Tinubu is anticipated to fully settle a $3.4 billion debt owed to the International Monetary Fund (IMF) during ...
News
Nigeria: CIBN Commends CBN’s Exchange Rate Unification Efforts, Highlights Positive Outcomes
The Chartered Institute of Bankers of Nigeria (CIBN) has lauded the initiatives led by President Bola Tinubu aimed at stabilizing Nigeria’s foreign exchange ...