financial stability News
Latest articles and news about financial stability on AXL Media.
Latest Articles
- CBN Governor Olayemi Cardoso Challenges Banking Directors to Prioritize Institutional Stability Over Balance Sheet Size
Published: May 1, 2026
Section: Africa
Central Bank of Nigeria Governor Olayemi Cardoso has urged newly inducted directors of the Chartered Institute of Directors Nigeria to focus on long-term stability and ethical stew...
- NDIC Initiates Final Dissolution of 89 Failed Banks Following Successful Purchase and Assumption Agreements
Published: Apr 16, 2026
Section: Africa
The Nigeria Deposit Insurance Corporation has begun the legal process to conclude the liquidation of 89 microfinance and primary mortgage banks after their assets and liabilities w...
- Kraken Breaks Barriers as First Crypto Firm to Secure Federal Reserve Master Account Amid Policy Debate
Published: Apr 13, 2026
Section: Banking & Finance
In a landmark move for the digital asset industry, Wyoming-based crypto exchange Kraken has secured a "limited-purpose" Federal Reserve master account. While the approval by the Ka...
- CBN Issues Governance Mandate to Banks as Ongoing Recapitalization Drives Sector Resilience
Published: Apr 11, 2026
Section: Africa
The Central Bank of Nigeria (CBN) has warned that capital injections alone will not guarantee financial stability, mandating that the 2026 recapitalization exercise be paired with...
- AM Best Warns of Declining Credit Quality as Annuity Reserves Shift to Lower-Rated Insurers
Published: Apr 11, 2026
Section: Business & Economy
A new industry report from AM Best reveals that individual annuity reserves now constitute over 36% of the total U.S. life and annuity insurance market, reflecting a significant po...
- OJK Reports Minimal Direct Banking Exposure to Middle East Tensions Amid Robust Capital Reserves
Published: Apr 7, 2026
Section: Banking & Finance
The Financial Services Authority (OJK) confirmed on April 6, 2026, that Indonesian banks maintain high liquidity and capital despite escalating geopolitical conflicts in the Middle...
- South Africa Faces R50.4 Trillion Insurance Deficit as Household Income Security Reaches Critical Breaking Point
Published: Apr 3, 2026
Section: Global Economy
A comprehensive study by Liberty and the Association for Savings and Investment South Africa has revealed a staggering R50.4 trillion gap between the insurance coverage citizens ne...
- Institutional Stability: CBN Rejects Removal Request, Reaffirms Dr. Kamaldeen Adekilekun as LivingTrust Mortgage Bank Chairman
Published: Mar 30, 2026
Section: Africa
The Central Bank of Nigeria (CBN) has formally declined a request from the Osun State Government to withdraw the appointment of Dr. Kamaldeen Adekilekun as Chairman of LivingTrust...
- Central Bank of Nigeria Maintains Regulatory Oversight of Union Bank Following Federal High Court Judgment in Lagos
Published: Mar 26, 2026
Section: Africa
The Central Bank of Nigeria has issued a formal statement regarding a recent court ruling concerning its 2024 intervention in Union Bank of Nigeria Plc. While the apex bank reviews...
- Nigerian Musician Chike Highlights Maternal Guidance On Prioritizing Financial Value And Productivity Over Emotional Attachment In Marriage
Published: Mar 25, 2026
Section: Africa
Singer Chike has shared relationship insights provided by his mother, who cautioned him against marrying partners without independent livelihoods or those burdened by heavy family...
- Afrobeats Star Chike Reveals Mother's Strategic Marriage Advice: Prioritize Financial Independence and Productivity
Published: Mar 25, 2026
Section: Africa
Singer Chike has shared insights into his approach to relationships, citing specific guidance from his mother to avoid settling down with an unemployed partner. Speaking on the Ada...
- Bank of Korea’s Newly Appointed Chief Shin Hyun-song Pledges "Balanced" Policy Amid Global Volatility
Published: Mar 23, 2026
Section: Banking & Finance
In a move signaling a focus on financial stability and risk management, South Korean President Lee Jae-myung has appointed world-renowned economist Shin Hyun-song as the next Gover...