The Reserve Bank of Zimbabwe (RBZ) says the country will move away from the current multi-currency system to a full local currency by 2030, assuring businesses and the public that …
Category:
Banking
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BankingEconomyFinancial RegulationInternational StandardsNorth Africa
CBL Introduces New Rules for Foreign Currency Deposits
The Central Bank of Libya (CBL) has announced fresh regulations for depositing foreign currency cash into bank accounts, a move the authorities say is aimed at improving transparency, strengthening financial …
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BankingBusiness InsightsCurrencyEconomyMarketsPolicies
Naira Ends Week Mixed Across Official and Parallel Markets Amid Forex Demand Surge
The Nigerian naira ended last week with a mixed performance in the foreign exchange market, as it recorded marginal gains at the official window but slipped in the parallel market. …
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AfricaBankingBanking, Finance & InvestmentCorporate EarningsINVESTMENTMarkets
United Capital Plc Posts N11.89bn Half-Year Profit
United Capital Plc has announced a profit after tax of N11.89bn for the first half of 2025, representing a remarkable 522 per cent increase compared to the same period in …
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BankingBusinessDevelopmentEconomyEntrepreneurshipFinanceNigeriaReal EstateStartups
HQ, The Alternative Bank Partner to Provide Affordable Office Spaces for Startups Nationwide
HQ, a subsidiary of International Workplace Group (IWG), has partnered with The Alternative Bank to make modern and affordable office spaces available to startups and small businesses across Nigeria. The …
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African EconomyBankingFinancial Inclusion
Ecobank Targets Stronger Second Half as CEO Jeremy Awori Banks on Diverse Growth
Pan-African banking giant Ecobank has expressed confidence in achieving stronger financial performance in the second half of 2025, with Group Chief Executive Officer Jeremy Awori saying the lender’s diversified operations …
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BankingCorporate AffairsEconomic PolicyFinanceGovernanceGOVERNMENTRegulation
NDIC Pays ₦54.62bn to Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it has paid ₦54.62 billion to 691,418 depositors of the now-defunct Heritage Bank. The Corporation also announced a liquidation dividend of …
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AfricaBankingEconomyFintechInnovationTrade and Commerce
UBA Launches AI-Powered Cross-Border Payment with PAPSS
The Group Managing Director and Chief Executive Officer of United Bank for Africa (UBA), Mr Oliver Alawuba, has described the Pan-African Payment and Settlement System (PAPSS) as Africa’s strategic response …
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BankingClimate ChangeCorporate Social Responsibility,EconomyEnvironmental ProtectionGhana EconomyRenewable Energy
Fidelity Bank Ghana Launches Sustainability Month with Green Campaigns
Fidelity Bank Ghana has flagged off its third annual Sustainability Month, with a bold message encouraging individuals, businesses, and communities to take real action for the environment and for social …
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BankingFinanceMobile PaymentsRegional EconomyTechnologyWestern Africa
Instant Transfers Power Togo’s Regional Payment Drive
In a move to improve financial services and promote seamless digital payments, seven commercial banks in Togo have now joined the Interoperable Platform for Instant Payment Systems (PI-SPI), which was …