The Nigerian Exchange Group Plc (NGX Group) recorded revenue of N24 billion in the 2024 financial year, boosted mainly by the recapitalisation of Nigerian banks and a series of high-profile …
Banking
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BankingBusinessCapital MarketEconomyFinanceINVESTMENT
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BankingBusinessEconomyFinanceKenyaRegulation
Central Bank of Kenya Rejects Exemptions on Staff Loans Under New Pricing Formula
The Central Bank of Kenya (CBK) has rejected requests to exempt bank staff loans from its new loan pricing system, insisting that all borrowers must operate under the same rules. …
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BankingBusinessEconomyFinanceINVESTMENTRegulation
GTCO Injects ₦365.85bn Into GTBank to Meet CBN Capital Requirement
Guaranty Trust Holding Company Plc (GTCO) has made a huge capital injection of ₦365.85 billion into its main subsidiary, Guaranty Trust Bank Limited (GTBank), in order to meet the Central …
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BankingBusinessCompetition LawFinanceRegulationSouth Africa
Tribunal Orders Toyota, WesBank to Pay R30m for Collusion
South Africa’s Competition Tribunal has confirmed settlement agreements involving WesBank, FirstRand, and subsidiaries of Toyota, over allegations of uncompetitive behaviour in the country’s vehicle financing sector. The companies will pay …
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BankingEconomyFinanceSouthern AfricaTrade
RBM Introduces Export Proceeds Exemption for Forex Stability
The Reserve Bank of Malawi (RBM) has announced that it will exempt certain companies from the mandatory conversion of export proceeds under its newly issued repatriation of export proceeds directive. …
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BankingBusinessDevelopmentHousingPropertyUGANDA
Housing Finance Bank, Pearl Marina Partner on Uganda Homes
Housing Finance Bank (HFB) and Pearl Marina Estates have signed a Memorandum of Understanding (MOU) to open a new chapter in Uganda’s real estate and housing finance sector. The partnership …
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BankingCorruptionEducationGovernanceInfrastructure
Zimbabwe Bank Probes Ex-Manager Over Student Hostel Fraud
The Infrastructure and Development Bank of Zimbabwe (IDBZ) has opened investigations into one of its former senior managers, Mr. Suckson Muswe, over allegations of inflating costs in a multi-million-dollar student …
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BankingClimate ChangeCommunity DevelopmentCorporate Social Responsibility,EducationEnvironment
Polaris Bank, NCF Launch Tree Planting Initiative in Rivers to Tackle Climate Change
Polaris Bank has partnered with the Nigeria Conservation Foundation (NCF) to launch a tree-planting initiative in Rivers State, aimed at reducing carbon emissions, protecting the environment, and promoting sustainable development. …
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BankingBusinessFinanceLifestyle
Stanbic IBTC Bank Launches Season 2 of Private Banking Savings Promo with Luxury Rewards
Stanbic IBTC Bank has announced the return of its special savings reward scheme tagged Save and Enjoy Promo Season 2, designed exclusively for its private banking clients. The bank said …
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AFRICA NEWSBankingCyber securityDigital PaymentsInternational PartnershipsTechnologyUGANDA
Uganda Bankers Partner Visa on Cybersecurity
The Uganda Bankers’ Association (UBA), in partnership with global digital payments leader Visa, has organised a cybersecurity workshop in Kampala to tackle the rising cases of cybercrime threatening the financial …