The Central Bank of Nigeria (CBN) has returned the interest rate on all its interventions back to nine percent from five percent a circular that was released by the apex bank …
Banking, Finance & Investment
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyNewsNigeriaWestern Africa
- Banking, Finance & InvestmentBrand ComparisonBusinessBusiness InsightsSpotlightWestern Africa
Commercial banks vs fintech: The Ideal banking services for individuals and small businesses.
by Viola Echereby Viola EchereIn today’s world, consumer needs as well as mode of delivery has evolved affecting and influencing both economic and financial sectors in the society. Statistics have shown that since the …
- Eastern AfricaEconomyINVESTMENT
Investors in Kenya hesitant to lend the State billions of shilling in a push
Investors are unwilling to lend the government billions of shillings in a push for higher interest rates, signalling a funding headache that awaits the incoming administration. The August Treasury bond …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusiness and EconomyEgyptNewsNorth AfricaNorthern Africa
Central Bank of Egypt collects EGP 100B from local banks
The Central Bank of Egypt (CBE) collected EGP 100 billion from local banks in the weekly open market operations (OMO) auction at a fixed rate of 11.75%, according to data published on …
- AfricaAFRICA NEWSBusinessEastern AfricaINVESTMENTKenyaKenya NewsKenyan NewsNewsTechnologyTransportation & Logisitics
Google invests in African e-logistics firm Lori Systems
Lori Systems, the e-logistics company digitising haulage and providing shippers with solutions to efficiently manage their cargo and transporters has raised a pre-Series B round in which Google participated along …
- AfricaAFRICA NEWSBanking, Finance & InvestmentEconomyNewsNigeriaWestern Africa
Central Bank of Nigeria Raises interest rate on banks deposits to 4.2%
The Central Bank of Nigeria (CBN) has raised the interest rate on bank customers’ deposits. According to the Apex Bank, bank customers will be getting at least 4.2 per cent …
- AfricaAFRICA NEWSBusinessINVESTMENTNewsNigeriaWestern Africa
Equity market begins new week trading negative
The Nigerian equity market on Monday started the week’s trading with mixed sentiments as a loss in Presco and 16 others drove the market lower by N18 billion. Also, Nigeria’s …
- Banking, Finance & InvestmentBusinessEastern Africa
Q1 Private Sector Credit Growth a double-digit growth in quarter of this Year
For the first time since 2017, private sector credit growth recorded double-digit growth in quarter one of this year according to the latest data from the Central Bank of Kenya. …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesNewsNigeriaTechnologyWestern Africa
PoS transactions in Nigeria rise N1.05trn in 7 months
The Nigeria Inter-Bank Settlement Systems (NIBSS) has said that transactions done on the Point of Sales (PoS) terminals across Nigeria rose by N1.05 trillion from N3.56 trillion in the first seven …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesGhanaNewsTechnologyWestern Africa
E-cedi will not affect MoMo business, says Bank Of Ghana
The Bank of Ghana has assured that its quest to implement the digital currency, also known as the e-cedi, will not disrupt or collapse the mobile money (MoMo) system. According …