Posted inBanking NEWS Regulations Central Bank of Kenya Lowers Interest Rate to 12% Posted by By Eze Chichetaram 13/10/2024The Central Bank of Kenya (CBK) has reduced its interest rate by 0.75%, bringing it…
Posted inBanking NEWS Nigeria’s net forex inflow increases by 67% to $27.6bn Posted by By Akachukwu Chukwuma 12/10/2024The Nigeria forex inflow increased by 67.8% to $27.6B, compared to $16.44B during the same…
Posted inBanking Bitcoin Crypto NEWS National Bank of Bahrain launches its first Bitcoin investment fund. Posted by By Eze Chichetaram 09/10/2024The National Bank of Bahrain presented the launch of its very first Bitcoin investment fund…
Posted inBanking NEWS More than 93% of the total Naira in circulation is not in the Nigerian banks. Posted by By Akachukwu Chukwuma 04/10/2024According to the CBN, the total currency in circulation has reached N4.14 trillion, with N3.87…
Posted inBanking Economy NEWS Zimbabwe’s Gold-Backed ZiG Faces Continued Decline Following Currency Devaluation Posted by By Eze Chichetaram 03/10/2024The Central Bank of Zimbabwe allowed their gold-backed currency, ZiG, to lose about 43% of…
Posted inBanking Economy NEWS Bank of Ghana Launches Gold Coin to Discourage Hoarding of Dollars Posted by By Eze Chichetaram 01/10/2024The Bank of Ghana has initiated and introduced a gold coin for the purpose of…
Posted inBanking Exchange NEWS Central Bank of Ghana Cuts Interest Rate by 200 Base Points Posted by By Akachukwu Chukwuma 29/09/2024From 29% to 27%, the Central Bank of Ghana has reduced its key interest rate…
Posted inBanking Economy NEWS PBOC to Release $140B Stimulus Package into Circulation Posted by By Akachukwu Chukwuma 25/09/2024The People's Bank of China, China's central bank, has introduced a stimulus package geared towards…
Posted inBanking Crypto NEWS CBN to Launch eNaira Version 2.0 Focusing on Money Deposit Banks Posted by By Eze Chichetaram 25/09/2024Following the just-released document on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal…
Posted inBanking Crypto Economy NEWS CBN Raises Interest Rate by 50bps, Sparking Outcry from Student Loan Borrowers. Posted by By Tony Chimdiuto 24/09/2024The Central Bank of Nigeria (CBN) raised its Monetary Policy Rate (MPR) by 50 basis…
Posted inBanking Economy NEWS Governance Concerns Trigger Sell-Off in Nigerian Bonds Despite Strong Yields Posted by By Eze Chichetaram 24/09/2024According to the Second-Quarter 2024 Report of the National Pension Commission (PenCom), Nigerian bonds faced…
Posted inBanking Blockchain NEWS Nigeria Inter-Bank Settlement System, NIBSS to utilize blockchain for payments. Posted by By Akachukwu Chukwuma 23/09/2024The Nigerian financial landscape is experiencing a significant shift as the Nigeria Inter-Bank Settlement System…
Posted inBanking Fintech NEWS Top Nigerian Banks with the Lowest Lending Rates Posted by By Eze Chichetaram 22/09/2024For the manufacturing industry to thrive effectively, they rely on aid from financial institutions. Loan…