Africa

February 8, 2021

The Bank of Mauritius consults on a guide for the issue of sustainable bonds

The Bank of Mauritius (Bank) has published a draft Guide for the issue of sustainable bonds (Guide).   According to the regulator, the draft Guide constitutes the first step towards the establishment of a framework for sustainable bonds in Mauritius.    In the 2020/2021 Budget, the country’s Minister of Finance,
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February 8, 2021

Central Bank of Nigeria reiterates its ban on cryptocurrencies

In a circular to banks and other regulated financial institutions, the Central Bank of Nigeria (CBN) has reiterated that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges remains prohibited in the country.   According to the regulator, the use of cryptocurrencies in Nigeria goes against key mandates of the
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February 8, 2021

IMF concludes 2020 Article IV Consultation with Nigeria

The International Monetary Fund (IMF) has concluded its 2020 Article IV Consultation with Nigeria.  In a press release following the exercise, the IMF notes the Nigerian economy is at a critical juncture.   The multilateral lending institution indicates Nigeria is grappling with multiple shocks from the COVID-19 pandemic, including a
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January 25, 2021

Mauritius joins African Development Bank Bloomberg Bond Index

The African Development Bank has added Mauritius to its Bloomberg African Bond Indices (ABABI).   The Bank of Mauritius (Bank) initiated actions to comply with the requirements for the inclusion of Mauritius onto the ABABI.   The Bank worked on the implementation of Bloomberg’s Valuation Service curve for enhancing price discovery
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January 23, 2021

Nigeria gazettes its Banks and Other Financial Institutions Act

Nigeria has gazetted its Banks and Other Financial Institutions Act (BOFIA), 2020.  The country’s National Assembly enacted BOFIA recently.   A copy of the gazette is available here.   Photo Credit: Pixabay  
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