Nigeria
Global: FedNow moves towards enabling cross-border payments
The US Federal Reserve is advancing plans to enable participants in its FedNow real-time payments system to support cross-border payment transactions, potentially extending ...
Ghana
Ghana: BoG keeps policy rate at 14% for third consecutive MPC meeting
The Bank of Ghana (BoG) has maintained its monetary policy rate at 14 per cent, extending its rate hold to a third consecutive ...
Nigeria
Nigeria: NTB stop rates fall after CBN rate cut
Treasury bill stop rates fell sharply across all three maturities at Wednesday’s primary market auction, declining by between 70 and 80 basis points ...
Nigeria
Nigeria: FG cuts margin on interest for late taxes
The Federal Government has reduced the additional interest margin charged on unpaid naira-denominated taxes, linking the cost of late payment more closely to ...
Kenya
Kenya proposes up to $1.93m capital requirement for payment firms
Kenya is proposing new minimum capital requirements of up to KES 250 million ($1.93 million) for payment companies, a move that could raise ...
Nigeria
Nigeria: SEC sets October 15 deadline for sustainability reporting plans
The Securities and Exchange Commission (SEC) has directed all public companies and significant public-interest capital market operators to submit implementation plans for adopting ...
Nigeria
Nigeria: LCCI urges banks to lower lending rates after CBN cut
The Lagos Chamber of Commerce and Industry (LCCI) has urged commercial banks to reduce lending rates and expand credit to businesses following the ...
Ghana
Ghana: BoG weighs policy rate decision as inflation, external risks rise
The Bank of Ghana (BoG) is weighing whether to maintain its 14% Monetary Policy Rate as rising inflation, higher global energy prices and ...
Ghana
Ghana: GRA seeks new tax strategy as digital businesses and telecoms expand
The Ghana Revenue Authority (GRA) has called for a review of Ghana’s tax approach to keep pace with the rapid expansion of the ...
Ghana
Ghana: BoG warns Ghana’s reserves face pressure as inflation climbs to 5%
Ghana’s gross international reserves currently provide about 4.2 months of import cover, but the Bank of Ghana (BoG) has warned that the country’s ...
