December 5, 2023/FBNQuest Research The Central Bank of Nigeria’s (CBN) most recent monthly economic report shows that deposit money banks (DMB) total credit extension to the economy increased to NGN38.3bn in Jul ’23 from NGN37.5bn in the previous month. On a y/y basis, their credit lending to the economy grew […]
Money Market
CBN Announces Amendment of Regulatory Framework for BVN Operations, Watch-List for Nigerian Banking Industry
December 1, 2023/CBN As part of its effort in promoting financial system stability, it becomes necessary to strengthen the Know Your Customer (KYC) procedures in financial institutions under the purview of the Central Bank of Nigeria (CBN). Accordingly, the CBN hereby issues an amendment to Section 1.5.3 of the Regulatory […]
Tanzania: Bank Operations Produce Results Beyond Expectations, According to the Tanzania Country Strategy Paper 2021-2025 Mid-Term Review
The African Development Bank Group’s active portfolio in Tanzania comprised 25 operations, with a total value of USD 2.75 billion December 1, 2023/AfDB The African Development Bank’s Country Strategy Paper (CSP) for Tanzania has been implemented over the last two years with the programmed operations during the period producing results […]
