News

As at December, 2024, the MPR stood at 27.50%, up from 18.75% in January of the same year.

The Fayda ID project has enjoyed funding from the World Bank and European Union to the tune of $350 million and €100 million respectively.

The CBN has fined nine Nigerian banks with a fine of ₦150 million each following their failure to make available cash for customers in their ATMs during the Christmas holidays.

The non-resident accounts present opportunities for Nigerians in the diaspora to participate in the country’s socioeconomic development

Zambia’s SEC has meted out sanctions on Standard Chartered Bank for mis-selling a Chinese property company’s bond to a local client.

Banks resist Nigeria’s windfall tax over double taxation concerns, sparking debates on tax reforms and economic growth.

Kenya tops Africa’s startup funding in 2024 with $638M, outshining Nigeria as funding drops across the continent.

LIRS leverages technology to simplify tax compliance, making it faster, cheaper, and more efficient for taxpayers.

Kenya caps SEZ tax breaks at 10 years to boost revenue and impact industries. This move aims for economic balance and sustainable growth.

Guaranty Trust Holding Company (GTCO) has completed the first round of its equity capital program, raising ₦209.41 billion.

South Africa faces a R3B tax loss as wealthy individuals leave, impacting businesses, luxury markets, and increased tax revenue.

Kenya has introduced a new law that prohibits microfinance companies from harassing loan defaulters

Flour Mills’ ₦105.2 billion buyout by Excelsior Shipping Company and its removal from the Nigerian Exchange has made the stock market smaller.

First Bank of Nigeria has reportedly laid off 100 of its senior staff. Leaders of the bank’s move to replace with new executives

First City Monument Bank Group has announced that it has raised 147.5 billion naira ($95.84 million) through a public offering of shares.

Access Bank, Nigeria’s largest by assets, plans to expand into Morocco, enhancing its global presence as part of a strategic global push

The Insurance Reform Bill, 2024, proposes up to ₦35 billion as capital requirement to run an insurance company in Nigeria

Zimbabwe has introduced a 10% tax on betting winnings, aiming to boost revenue while reshaping the gambling industry.

Access Bank surpasses ₦500 billion capital mark, leading the charge as Nigerian banks race to meet new regulatory standards.

Allianz Europe BV has announced its intent to increase its indirect shareholding in Sanlam Kenya Plc from 23.09% to 28%.