AllAfrica News: Banking and Insurance

[Daba Finance] Standard Bank Group is considering buying a stake in Nigerian payments company OPay as the fintech prepares for a possible US stock-market listing that could value it at about $4 billion. The talks are at an early stage and may not result in a deal. The size and structure of any investment have not been disclosed.

[Vanguard] China Chengxin International Credit Rating Co., Ltd. (CCXI) has affirmed African Export-Import Bank's (Afreximbank) AAA issuer credit rating with a Stable outlook for the second consecutive year, underscoring the Bank's financial strength and strategic importance.

[Liberian Observer] The Executive Governor of the Central Bank of Liberia (CBL), Henry F. Saamoi, has urged West African regulators to deepen supervisory cooperation, strengthen cyber resilience, and accelerate financial sector reforms to safeguard stability and advance regional integration. He made the call while delivering the keynote address at the virtual 58th Meeting of the...

[Leadership] National Insurance Commission (NAICOM) has revoked the certificate of registration of Universal Insurance Plc and appointed a receiver/provisional liquidator to oversee the winding-up of the company's affairs.

[Leadership] The Central Bank of Nigeria (CBN) last week reviewed its liquidity management framework, easing restrictions on banks' access to the Standing Lending Facility (SLF), restoring tenored repurchase operations and opening the Open Market Operations (OMO) market to individuals, corporates and non-bank financial institutions.