Global
Global: Standard Chartered Partners with Animoca Brands, HKT to Launch HK Dollar-Backed Stablecoin
Standard Chartered has joined forces with Animoca Brands and HKT to establish a joint venture focused on issuing a Hong Kong dollar-backed stablecoin. ...
Nigeria
Nigeria: Personal Loans Surge by 37.76% in November Amid Inflation Pressures – CBN
Nigeria’s personal loan portfolio surged by 37.76% to N3.32 trillion in November 2024, reflecting the growing financial strain on households due to inflation ...
Nigeria
Nigeria: CBN to Offer N700bn Treasury Bills Amid Liquidity Management Efforts
As part of its ongoing liquidity management strategy, the Central Bank of Nigeria (CBN) is set to auction N700 billion worth of ...
Global
Canada Mandates Diversity Disclosure for Banks and Financial Institutions
Canadian banks and federally regulated financial institutions are now required to disclose the diversity composition of their boards and top executives under new ...
Nigeria
Fitch: Nigerian Banks on Track to Meet CBN’s 2026 Capital Requirement Deadline
Fitch Ratings has affirmed that Nigerian banks are making steady progress in their recapitalization efforts, ensuring compliance with the Central Bank of Nigeria’s ...
Global
New Zealand Updates ‘Active Investor Plus’ Visa to Attract High-Value Foreign Investment
The New Zealand government has unveiled significant changes to its Active Investor Plus (AIP) visa, set to take effect on April 1, 2025. ...
Kenya
Kenyan Banks Slash Lending Rates Amid Central Bank Crackdown
Kenyan commercial banks are swiftly reducing lending rates following a stern directive from the Central Bank of Kenya (CBK), which has warned of ...
Egypt
Egypt Expands Orange Corners Program to Boost Startups in Seven Governorates
Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, has announced the expansion of the Orange Corners program, extending its support ...
Nigeria
Nigeria: CBN to Maintain Oversight of Keystone Bank Following Court-Ordered Ownership Transfer
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to managing Keystone Bank Limited after a recent court ruling transferred the bank’s ...
Global
Global: JPMorgan Chase CEO Urges Washington to Reevaluate Financial Regulations
JPMorgan Chase CEO Jamie Dimon has called for a reassessment of financial regulations governing the banking industry, emphasizing the need for a balanced ...