Nigeria’s biggest commercial banks have spent a total of ₦442 billion on the Asset Management Corporation of Nigeria (AMCON) levy in the first half of 2025, representing a 34 percent …
The Monetary Policy Committee (MPC) of the Bank of Ghana has announced a major cut in the benchmark policy rate, slashing it by 350 basis points (3.5 per cent) from …
A new report by geopolitical and economic research firm, SBM Intelligence, has praised the recapitalisation strategy of FCMB Group as one of the most effective approaches among Nigeria’s Tier-2 banks. …
The National Pension Commission (PenCom) has issued a strong warning to Pension Fund Administrators (PFAs) against investing workers’ retirement savings in the Additional Tier-1 (AT1) capital instruments of Deposit Money …
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 …