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 …
Banks in Egypt made a huge net profit of EGP 152.76 billion during the first quarter of 2025. This was made known in a report released by the Central Bank …
NicozDiamond Insurance Limited, one of Zimbabwe’s oldest and most respected insurance companies, has marked its 60th anniversary with a grand event at Siyekhaya Estate in Borrowdale, Harare. The celebration, themed …
The Chartered Institute of Bankers of Nigeria (CIBN) has assured Nigerians that the country’s banking sector is strong, stable, and not in danger. This reassurance came after some media reports …
The Central Bank of Nigeria (CBN) has denied social media and online reports suggesting that one of the banks under its regulation is facing distress. In a statement released on …
Kenyan banks are now relying more on secured borrowing to manage their short-term funding needs, as the value of secured interbank lending doubled in just one month. According to official …
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will begin paying the first tranche of liquidation dividends to depositors of Heritage Bank before the end of April 2025. …
The Central Bank of Egypt (CBE) has announced that the country’s net foreign assets recorded a sharp increase of over US$1.5 billion in February 2025. This pushed the total to …
A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Mustapha Akinkunmi, has revealed that Nigeria’s interest rate ranks as the fifth highest in the world. This disclosure …