Kenya
Kenyan Banks to Lower Lending Rates in Line with CBK Directive
In a move aimed at boosting economic growth and easing financial strain on borrowers, Kenyan commercial banks will lower their lending rates beginning ...
Regulatory
Global: Bank of England Warns Non-Banks Could Pose New Financial Stability Risks
The growing role of non-bank financial institutions (NBFIs) such as pension funds, insurance companies, hedge funds, and money market funds could introduce significant ...
Nigeria
Nigeria: Federal Government Strengthens Compliance Guidelines for Public-Private Partnerships
The Federal Government has directed all Ministries, Departments, and Agencies (MDAs) to strictly adhere to the National Policy on Public-Private Partnerships (N4P) and ...
Nigeria
Nigeria: CBN’s Delays in Capital Verification Undermine Banking Recapitalisation Efforts
The Central Bank of Nigeria (CBN) is facing growing criticism from capital market stakeholders for delays in completing its capital verification process, a ...
Nigeria
Nigeria: Foreign Investments in Telecoms Sector Plunge by 87% – NBS
Foreign investments in Nigeria’s telecommunications sector dropped sharply to $14.4 million in the third quarter of 2024, marking an 87% decline from the ...
Nigeria
Nigeria: Interbank Rates Ease Amid FAAC and Remita Liquidity Boost
Interbank rates in Nigeria’s money market declined to around 27%, driven by robust liquidity levels supported by inflows from the Federation Account Allocation ...
Nigeria
Nigeria: SEC Urges Banks to Strengthen Corporate Governance Amid Recapitalisation Drive
The Securities and Exchange Commission (SEC) has urged banks to enhance their corporate governance principles and risk management frameworks to bolster investor confidence ...
Egypt
Egypt: Central Bank of Egypt Launches 24/7 Instant Remittance Transfer Service
The Central Bank of Egypt (CBE) has unveiled a groundbreaking service that enables instant international remittance transfers directly into customer accounts at all ...
Nigeria
Nigeria: NESG Endorses Tax Reform Bills, Urges Comprehensive Legislative Review
The Nigeria Economic Summit Group (NESG) has expressed strong support for the tax reform bills currently before the National Assembly, describing them as ...
Regulatory
Global: FSOC Warns Stablecoins Pose Persistent Risks to Financial Stability
In its 2024 annual report, the Financial Stability Oversight Council (FSOC) raised concerns about the potential risks stablecoins pose to the financial system, ...
