The Central Bank of Nigeria (CBN) has once again reassured the public about the safety and stability of the country’s banking system and the security of depositors’ funds. This reassurance...
Category: Finance
Elevate’s Ascent: Securing $5M for Fintech Expansion in South Asia
Elevate, a fintech firm with roots in London and Dubai, has recently announced a successful $5 million funding round. This financial boost is earmarked for expanding its innovative financial services...
Liquidity Challenges: Banks and Others’ Borrowing from CBN Surges 436% to N53.7 Trillion
Amid liquidity challenges in the financial sector, banks and merchant banks have significantly increased their borrowing from the Central Bank of Nigeria (CBN). The total borrowing reached a staggering N53.7...
Halcom Serbia: Pioneering Innovations in Digital Banking
Halcom, a trailblazer in the realm of digital banking and banking solutions, has spent three decades spearheading the safe and efficient digitalization of financial processes for banks, companies, and state...
Credit Growth Quota Policy: Balancing Expansion and Safety in the Banking System
The delicate balance between credit growth and financial system safety remains a critical concern for policymakers. As the banking industry faces dynamic challenges, ensuring prudent credit expansion while safeguarding stability...
Financial Sector Will Witness More Islamic Banking, Says CBN
The Central Bank of Nigeria (CBN) has made a significant announcement: the financial sector is poised to experience further growth in Islamic banking. This revelation comes as the CBN Governor,...
Southeast Asia Embraces Open Banking Revolution
The financial landscape in Southeast Asia is undergoing a transformative shift with the rise of open banking. This paradigm shift is empowering consumers with unprecedented control over their financial data...
Morgan Stanley’s Caution: Australian Banks Face Competitive Headwinds
Morgan Stanley has expressed a cautious outlook on Australia’s major banks, citing a less competitive retail banking environment as a potential drag on profitability. This stance comes amid evolving market...
RBI’s Cautious Bond Buyback: A Strategic Move Amidst Banking Resilience
In an unexpected turn of events, the Reserve Bank of India’s (RBI) recent bond buyback operation saw a surprisingly low yield, with banks showing a strong front against potential losses....
A New Dawn for Crypto: U.S. Senate Votes to End Banking Restrictions
In a landmark decision, the U.S. Senate has voted to overturn the Securities and Exchange Commission’s (SEC) guidelines known as SAB 121, which have been a significant barrier to banks...