Uganda central bank sets up new window for lending to banks
Uganda’s central bank has introduced a new lending window for commercial banks that might encounter short-term liquidity challenges, it said on Tuesday, unveiling another tool...
Tag : Commercial Banks
Income tax: FIRS inaugurates online portal for financial institutions
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...
Malians: Nothing has changed after coup
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...
West Africa’s BCEAO central bank reopens in Mali for first time since coup
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,...
Nigerian bank boosts oil production with $200 million facility
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...
South Africa’s central bank plans more reverse bond repurchases
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,...
Kenya central banker says still has ‘plenty of firepower’
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...
Chinese banks report forex settlement surplus in H1
China’s commercial banks saw a net forex settlement surplus of 553.1 billion yuan (about $78.6 billion) in the first half of this year, the country’s...
Lebanon central bank sets up committee to restructure banks
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...
South African central bank reduces bond purchases to R5 billion in June
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...