In a letter issued on 6 August, the central bank directed the institutions to enable users to generate dedicated QR codes for P2P transactions and scan or upload P2P QR codes sent by others. The ...

“China is again adding materially to its reserves. Gold is not a pure Fed signal, but persistent official-sector demand and renewed investor interest are reinforcing the value of inflation, currency ...

Nigeria’s central bank broadened participation in Open Market Operations, allowing all eligible investors including individuals, corporates and non-bank financial institutions to participate in the ...

The Bank of Mozambique has restricted banks' ability to accumulate foreign currency on their balance sheets, limiting their ...

The CBK said inflation nevertheless remained within its target range, with lower energy prices helping to moderate some of the pressure. Core inflation remained relatively stable at 3.2 per cent in ...

Emergency liquidity, rival currency networks, and regional diplomacy collide in the fight for economic survival.

By Dan Aibangbe When Tony O. Elumelu, steps down as group chairman of United Bank for Africa (UBA) next Thursday, August 21, it will mark the end of one ...

The S&P 500 edged higher on Thursday as oil prices declined and traders digested more inflation data as well as a slew of ...

All six major US banks quit the UN-backed Net Zero Banking Alliance by early 2025, driven by political pressure and ...

Costa Rica’s free-zone economy grew just 2.9% in June, its weakest pace since 2020, as manufacturing and business services lost momentum.

Australia's central bank continued to warn that inflation remains too high, especially against the backdrop of war in the Middle East. Gov. Michele Bullock appeared determined to challenge the view in ...

ABN Amro lifted the guidance for its commercial net interest income after beating quarterly expectations on Wednesday, joining other major ...