AfDB launches $5.9m financial support program for Africa
In order to strengthen the collaboration between African nations in the battle against illicit financial flows, the African Development Bank has announced…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Wema Bank issues N25b bond to investors
Wema Bank has issued a N25 billion bond to selected investors in order to strengthen its capital base. The bond will not…
Syria loses 10% GDP to earthquake – World Bank
The World Bank has said the damage caused by the earthquake on buildings and infrastructures is estimated to be 10 percent of…
First Bank’s deputy MD Gbenga Shobo resigns
The First Bank of Nigeria’s deputy managing director, Mr. Gbenga Shobo, has resigned from the company’s board of directors with immediate effect. Shobo’s…
CBN gets new spokesperson
Buna Juliet The Central Bank of Nigeria has announced the appointment of Dr Isa Abdulmumin as the acting Director of the Corporate…
Elections: Zenith Bank informs customers of early closure
By Christian George Zenith Bank has notified its customers of early closure on Friday. The notice states that its branches nationwide…
Afreximbank purchases 5% of Geregu Power shares
Afreximbank has completed the acquisition of five per cent of the shares of Geregu Power Plc. According to The BusinessDay, the purchase…
ASSBIFI halts strike, mandates banks to reopen
Commercial banks have been ordered to comtinue operations as of Monday, February 20, 2023, according to a statement from the Association of…
Bank vandalism not solution to naira scarcity – Ex-ANAN president
Wilson Adekumola The Former President, Association of National Accountants of Nigeria, Dr Samuel Nzekwe has admonished the protesters across the…
CBN launches portal to ease old naira notes collection
The Central Bank of Nigeria has established a portal for the collecting of old naira notes. TheCable reported that the CBN on…
Naira redesign: CBN must follow rule of law, says NGF
The Nigeria Governors’ Forum has urged the Central Bank of Nigeria to follow the rule of law in driving its naira redesign…
MoneyMaster’ll create new jobs with G-Kala – MD
Kazeem Owoseni MoneyMaster PSB is positive that the launch of its ‘G-Kala’ financial solution system will create market…