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 ...
News
Nigeria: CBN Revives BDC Operations and Introduces New Mechanism for Bureau De Change Activities in Nigeria
The Central Bank of Nigeria (CBN) has taken significant steps to enhance the efficiency of the Nigerian Foreign Exchange Market by reintroducing Bureau ...
News
Nigeria: Farm Central Intelligence Emerges Winner at AFEX Code Cash Crop 4.0 Ag-hackathon
AFEX, Africa’s leading commodities market player, hosted its fourth annual ag-hackathon, Code Cash Crop 4.0, aimed at harnessing the intersection of technology, finance, ...
News
Nigeria Set to Join Next Phase of AfCFTA’s Guided Trade Initiative
Segun Awolowo, the Executive Secretary of Nigeria’s National Working Committee for the African Continental Free Trade Area (AfCFTA), has affirmed the country’s readiness ...
News
Nigeria: CBN Launches Foreign Exchange Price Verification System Portal
The Central Bank of Nigeria (CBN) has introduced a dedicated foreign exchange price verification system portal, aiming to facilitate importers’ access to foreign ...
News
SA: FNB Continues Reign as South Africa’s Most Valuable Brand
FNB has once again clinched the coveted title of South Africa’s Most Valuable Brand in the 2023 Kantar BrandZ Most Valuable South African ...