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Tag : Commercial Banks

Business

Income tax: FIRS inaugurates online portal for financial institutions

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The Federal Inland Revenue Service (FIRS) says it has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial...
African News Politics

Malians: Nothing has changed after coup

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More than a week has elapsed since rebel soldiers toppled Mali’s president, sending shockwaves around West Africa and in France, its staunch ally. But in...
Business

West Africa’s BCEAO central bank reopens in Mali for first time since coup

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The regional branch of West Africa’s BCEAO central bank has reopened in Mali for the first time since a military coup last week, Hamadoun Ba,...
Business

Nigerian bank boosts oil production with $200 million facility

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The United Bank for Africa Plc (UBA) has announced a $200 million facility support to boost Nigeria’s crude oil production capacity. The facility is part...
Business

South Africa’s central bank plans more reverse bond repurchases

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South Africa’s central bank will extend its tool kit to manage market liquidity by adding short-term, bilateral reverse repurchases of government bonds from commercial banks,...
Business

Kenya central banker says still has ‘plenty of firepower’

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Kenya’s central bank governor said on Thursday that policymakers still have “plenty of firepower” to combat impact of the coronavirus crisis on the economy. Policymakers...
Business

Lebanon central bank sets up committee to restructure banks

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Lebanon’s Central Bank has set up a committee to restructure financially-stricken commercial banks and study their performance, a memo by the bank seen by Reuters...
Business

South African central bank reduces bond purchases to R5 billion in June

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The South African central bank reduced its government bond purchases to 5 billion rand ($292.64 million) in June, half the monthly average, bringing its bond...