African Export-Import Bank (Afreximbank) yesterday announced the commercial launch of the Afreximbank Trade Payment Services (AfPAY), an intervention created to make it easier for specific African financial institutions and their clients to settle international trade…

Recent gold purchases continue a multi-year trend of central banks increasing their gold holdings. They acquired a net 463t last year, which is 82 percent more than they did in 2020 and the 12th year…

Wealth management company Brewin Dolphin Holdings PLC ("RBC") has been acquired by Royal Bank of Canada ("Brewin Dolphin"), the bank said today. Brewin Dolphin will continue to be run by CEO Robin Beer under the…

On the black market, the naira plunged to another record low, averaging N722/$1 on Tuesday morning compared to N713/$1 in the previous trading session. According to the estimation and pricing of some black market FX…

In order to streamline operations, Credit Suisse Group is considering selling its wealth management division in Latin America (LatAm), except Brazil. The Swiss wealth manager is making the change in order to decide which kinds…