Initially, the regulator had planned to liquidate nine NBFIs. However, after two days of hearings, three companies -- Prime Finance, GSP Finance, and Bangladesh Industrial Finance Company (BIFC) -- ...

As per the central bank’s review, the six NBFIs that are being liquidated are in a dire financial state, with most of their loan portfolios turning bad and massive losses piling up.

The IAEA and the World Bank Group – along with other international financial institutions (IFIs) and multilateral development banks (MDBs) – have taken an important step forward in shifting their ...

South Korea considers domestic virtual asset issuance as the central bank warns that stablecoins may disrupt capital flows ...

Afreximbank’s break with Fitch has reignited calls for a continental credit rating agency, after the African Union accused the global firm of misreading treaty-backed lending.

At least 13,417 individuals linked to fraudulent activities in Nigeria's financial system have been captured on the Person of Interest Portal jointly developed by the Nigeria Inter Bank Settlement ...

The Alektum Group has rebranded as Myntro, marking a major milestone as the first company in the European Union to qualify as a Specialised ...

The Central Bank of Nigeria (CBN) on Tuesday, January 27, upgraded the operating licenses of several leading financial ...