News
Nigeria: Leaked CBN Letter to Bank Reiterates 2015 Circular Prohibiting Naira Overdrafts Secured by Foreign Currency Deposits
A confidential letter from the Central Bank of Nigeria (CBN) to a commercial bank has surfaced, exposing a firm directive from the central ...
News
Nigeria: Bureau De Change Operators Highlight Diversion of Diaspora Remittances by Fintechs and Unlicensed Online Firms
Bureau De Change Operators (BDCs) in Nigeria have joined the Acting Governor of the Central Bank of Nigeria (CBN) in acknowledging the diversion ...
News
Nigeria: Access Bank Introduces Custody Services to Enhance Financial Asset Management
In a bid to stimulate growth, extend its reach, and foster advantageous collaborations for its clients and stakeholders, Access Bank has unveiled its ...
Global
Global: China Aims to Extend Social Credit System to the Metaverse: Report
Reports suggest that China is considering implementing a system similar to its social credit system in the metaverse and other online virtual environments. ...
News
Nigeria: Is an integrated data ecosystem a critical national infrastructure?
Integrated national data ecosystems include a birth and death registry, residency, immigration, tax-related data, credible national identification management system, assets registration, and land ...
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 ...