July 27, 2023/Fitch Ratings Nigerian banks face weaker capital ratios and higher impaired loans following reforms to liberalise the Nigerian naira and to remove the long-standing subsidy on fuel, Fitch Ratings says in a new report. The official exchange rate depreciated sharply in June following the Central Bank of Nigeria’s […]
Money Market
US Fed Reserve Raises Interest Rates to 22-Year High
July 27, 2023/US Federal Reserve Recent indicators suggest that economic activity has been expanding at a moderate pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter credit conditions for households and […]
Banks have 18 months to impact South Africa’s greylisting
Here’s how they can help get the country off the grey list July 27, 2023/iiDENTIFii In January 2025, the global anti-money laundering watchdog, the Financial Action Task Force (FATF), will review its decision to greylist South Africa and interrogate the public and private sector measures to address its concerns. The […]
