Money Market

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 […]

CBN Issues Notice on the Revised Foreign Exchange Manual

August 2, 2018/CBN It will be recalled that as part of a deliberate programme for the liberalization of the Foreign Exchange Market, the Bank in 2006 undertook a review of the Foreign Exchange Manual to incorporate policy changes that had taken place since its introduction in 1995 pursuant to the […]