CBN commits to long-term stability through sustained reforms
The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has reiterated the bank’s dedication to restoring investor confidence and ensuring…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
AfDB’s capital surges 241.9% in a decade
The African Development Bank has recorded a remarkable 241.9% increase in its capital base over the past decade, rising from $93 billion…
Ecobank secures additional $125m via Eurobond
Ecobank Transnational Incorporated, the parent company of the Ecobank Group, has successfully raised an additional $125 million through a Eurobond tap, increasing…
Development banks pledge $610m to tackle climate threats in Africa
The African Development Bank and the Islamic Development Bank have unveiled a $610 million joint initiative to strengthen climate resilience and address…
Nigeria secures additional $215m W’Bank loan for palliatives
The World Bank has increased its disbursement to Nigeria under the $800 million National Social Safety Net Programme-Scale Up to $530 million,…
Zenith Bank CEO assures shareholders of strong, sustainable dividends
The Group Managing Director and CEO of Zenith Bank PLC, Dame Dr. Adaora Umeoji, has expressed strong confidence in the bank’s future,…
Sterling Bank offers Lagosians free rides
Sterling Bank has once again redefined corporate citizenship by launching an unexpected initiative in Lagos. Following the success of its Zero Transfer…
Afreximbank launches $3b revolving credit facility for petroleum imports
The African Export-Import Bank has introduced a $3 billion revolving credit facility aimed at streamlining access to petrol, diesel, jet fuel, and…
UBA plans ambitious expansion to over 100 countries
United Bank for Africa Plc announced a bold strategic vision to expand its operations to more than 100 countries and grow its…
UBA on track to meet CBN’s ₦500bn capital requirement – Elumelu
United Bank for Africa Plc is on track to meet the Central Bank of Nigeria’s N500 billion capital base requirement by the…
CBN, NGX unveil reforms to boost global investment
Nigeria’s financial regulators and market operators recently gathered at Nasdaq MarketSite in New York to share the country’s economic outlook, focusing on…
CBN warns banks to strengthen sanctions compliance framework
The Central Bank of Nigeria has issued a fresh directive to banks, payment service banks, and fintech firms, warning them to strengthen…