Nigeria
Nigeria: FG Bond Auction Draws Over N1.26tn in Subscriptions, Underscoring Investor Confidence
The Federal Government of Nigeria (FGN) has recorded overwhelming investor interest in its September bond auction, with subscriptions topping N1.26tn, more than six ...
Nigeria
Nigeria: Sterling HoldCo’s Public Offer Gains Momentum Amid Attractive Pricing
Sterling Financial Holdings Company Plc (Sterling HoldCo) has recorded strong investor interest following the launch of its public offer, reflecting renewed confidence in ...
Nigeria
Nigeria: CBN Tightens Liquidity Rules with 75% CRR on Non-TSA Deposits
Nigerian banks, particularly those reliant on government deposits, face new funding pressures following the Central Bank of Nigeria’s (CBN) introduction of a 75% ...
Mozambique
Mozambique: Ecobank Finalizes Exit from Mozambique Operations Following Stake Sale to FDH Bank
Ecobank Transnational Incorporated (ETI) has completed its divestment from Mozambique with the successful sale of its stake in Ecobank Mozambique S.A. to FDH ...
Nigeria
Nigeria: TAJBank Achieves CBN’s New Recapitalisation Benchmark Ahead of Deadline – CEO
TAJBank Limited has successfully met the new capital thresholds mandated by the Central Bank of Nigeria (CBN) under its ongoing recapitalisation programme, positioning ...
Nigeria
Nigeria: CBN Says Rate Cut to Ease Borrowing Costs for SMEs and Households
The Central Bank of Nigeria (CBN) has described its recent 50 basis point reduction in the Monetary Policy Rate (MPR) as a deliberate ...
Africa
Africa: Mastercard Strengthens Partnership with Smile ID to Advance Digital Identity Across Africa
Mastercard has expanded its strategic partnership with Smile ID, a leading African identity verification provider, to scale secure digital identity solutions across the ...
Regulatory
Global: European Banks Collaborate to Launch Euro-Backed Stablecoin
A consortium of leading European banks, spearheaded by ING, has announced plans to launch a euro-backed stablecoin, aimed at reshaping the region’s digital ...
Nigeria
Nigeria: PenCom Approves Foreign Currency Investments for Pension Funds
The National Pension Commission (PenCom) has issued new guidelines allowing Pension Fund Administrators (PFAs) to invest part of Nigeria’s ₦24.6 trillion pension assets ...
Regulatory
Global: BIS Researchers Leverage AI to Anticipate Financial Market Stress
The Bank for International Settlements (BIS) is exploring how artificial intelligence (AI) can enhance financial stability oversight, unveiling a new tool designed to ...