BOI, IFC partner to fund industrial sector
BOI, IFC partner to fund industrial sector A stakeholder conference will be held by the Bank of Industry and the International Finance Corporation to…
Bank
Femi Otedola named First Bank Holdings chair
Nigerian billionaire, and entrepreneur Femi Otedola, has been appointed as the new chairman of the board of directors for the First Bank…
Wema Bank profit rises by 105%
Wema Bank’s profit increased by more than 105 percent to N23.36 billion in 2023, from N11.35 billion the previous year. The PUNCH…
DataPro gives FSDH Merchant Bank an “A” rating
A credit rating agency in Nigeria, DataPro, has granted FSDH Merchant Bank Limited a long-term rating of “A” with a stable outlook…
World Bank approves $300m support package for Ghana’s economic recovery
The World Bank has approved $300 million in funds to help Ghana’s economic recovery, according to a statement issued on Tuesday. According…
LivingTrust Mortgage Bank repays DBN N950m loan
LivingTrust Mortgage Bank Plc has repaid a N950 million MSMEs grant to the Development Bank of Nigeria two months earlier than the…
FG to expand $100m world bank-funded women’s project
The Federal Government has announced plans to expand the Nigeria for Women Project in partnership with the World Bank. AMBusiness reports that…
China cuts bank reserve first time in 2023
China’s central bank announced on Friday that it will reduce the amount of cash that banks must retain as reserves for the…
Elections: No plans to shut down bank transactions, CBN insists
The Central Bank of Nigeria has debunked rumours spreading that it plans to shut down bank transactions from February 23 to February…
EFCC retrieves unremitted N900m for NHIS
EfccIThe Economic and Financial Crimes Commission has again retrieved a sum of N900 million for the National Health Insurance Scheme. The EFCC’s…
Naira crisis: Banks to close down in locations with security challenge, says CIBN
The Chartered Institute of Bankers of Nigeria on Saturday said commercial bank’s operations will be closed in locations with security challenges. The…
Naira scarcity: Zulum inspects Maiduguri banks [Video]
The Executive Governor of Borno State, Prof. Babagana Umara Zulum, on Friday, visited various commercial banks across the state to conduct inspection.…