The recent proposal by the Nigerian government to impose a 70% windfall tax on foreign exchange gains has ignited a significant conflict among the country’s banking sector. While some bank...
Category: Finance
E-Payment Transactions Surge: UBA Ranked Most Visited Banking Website in Nigeria
In a significant development for the Nigerian banking sector, the United Bank for Africa (UBA) has been ranked as the most visited banking website in Nigeria. This ranking comes amidst...
E-Compliance for Real-Time Integration: Heavy Costs for Taxpayers in 14 Business Categories
In a significant regulatory move, the Federal Board of Revenue (FBR) in Pakistan has mandated real-time integration of electronic invoicing systems for taxpayers in 14 business categories. This new requirement,...
The Week Ahead in Business: Key Results from CRH, Hostelworld, Ires Reit, Caterpillar, and Walt Disney
As August progresses, the business world is set to witness significant financial disclosures from both local and international giants. This week, companies such as CRH, Hostelworld, and Ires Reit will...
Foreign Banks Expect RBI MPC to Keep Policy Rate Unchanged at Aug 6-8 Meet
As the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) prepares for its upcoming meeting from August 6-8, foreign banks and brokerages are anticipating that the policy rate will...
Expert: Consumer Data Right Needed to Unleash Open Banking
In New Zealand, the integration of open banking is gaining momentum, with major banks beginning to adopt this innovative framework. However, experts argue that to fully realize the potential of...
Islamic Banking Assets Rise to RO 7.6 Billion in Oman
The Islamic banking sector in Oman has witnessed remarkable growth, with total assets reaching approximately RO 7.6 billion by the end of May 2024. This significant increase highlights the sector’s...
Banks Adopt New Strategies to Provide Cheaper Loans to SMEs
In a bid to support the growth and resilience of Small and Medium-sized Enterprises (SMEs) in Ghana, commercial banks are adopting innovative strategies to offer cheaper loans. These efforts come...
The Rise of PH Digital Banking: Targeting the ‘Unbanked’ Sector
In the Philippines, digital banking is rapidly transforming the financial landscape, particularly by targeting the ‘unbanked’ sector. With millions of Filipino adults still without access to traditional banking services, digital...
Interpace Biosciences Announces Record Second Quarter 2024 Financial and Business Results
Interpace Biosciences, Inc. has reported record financial and business results for the second quarter of 2024, showcasing significant growth and profitability. The company achieved a net revenue of $12.0 million,...