Tag: Business News

CBN Intensifies Oversight on Banks Under Regulatory Forbearance

As part of its commitment to preserving financial system stability, the Central Bank of Nigeria (CBN) has announced that commercial banks currently operating under...

KCB Group CEO Paul Russo Tops $1.9 Million in 2024 Executive Pay as Banking Sector Payouts Surge

Paul Russo, Chief Executive Officer of KCB Group, emerged as the highest-paid bank executive in Kenya in 2024, earning KES 250.2 million (approximately $1.9...

Airtel’s SmartCash Partners Leadway Assurance to Simplify Access to Motor Insurance

SmartCash Payment Service Bank, the mobile financial services arm of Airtel Nigeria, has entered into a strategic partnership with Leadway Assurance to provide motorists...

Safaricom’s Ziidi Money Market Fund Faces Scrutiny Over Alleged Anti-Competitive Conduct

Safaricom’s recently launched Ziidi Money Market Fund (MMF) has come under regulatory and public scrutiny following accusations of anti-competitive behavior and potential data privacy...

ECOWAS Urged to Reduce Dependence on Foreign Aid, Focus on Private Sector and Trade Integration

The Economic Community of West African States (ECOWAS) has been urged to accelerate efforts toward economic self-reliance by cutting down on foreign aid dependency...

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