Money Market

Forex: CBN Intervenes With $210m

Culled—Proshare August 7, 2018/CBN In another round of intervention, the Central Bank of Nigeria (CBN) has injected the sum of $210million into the inter-bank Foreign Exchange Market to ensure the availability of forex and also meet customers’ requests in various segments of the market.  At the trading on Tuesday, August […]

Heritage Bank Achieves PCI DSS Version 3.2 Recertification

5/8/ 2018/Heritage Bank Heritage Bank Plc, ­­­­­­­­Nigeria’s Most Innovative Banking Service provider, has successfully attained recertification of the Payment Card Industry Data Security Standard (PCI DSS) version 3.2, having achieved the International Organisation for Standardisation ISO 27001:2013 recertification recently. With its legacy of innovation, the recertification reaffirms the bank’s leading […]

BoT Places Bank M Tanzania Plc under Administration, Confirmed Insolvent

Culled—Proshare August 3, 2018/By  Brian NGUGI of BusinessDAILY, Kenya Tanzania’s banking regulator, the Bank of Tanzania (BoT), on Thursday placed Bank M Tanzania Plc under administration after it became insolvent. The lender consequently will not open for normal business for up to ninety days effective Thursday “during which the Bank […]