By Lucy Ogalue African Development Bank (AfDB) has finalised arrangements to disburse 618 million dollars to Nigeria under the Investment in Digital and Creative Enterprise (i-DICE) programme. AfDB’s Country Director-General for Nigeria, Mr Lamin Barrow told the News Agency of Nigeria (NAN) in Marrakesh, Morocco on Sunday that the NigerianContinue Reading
By Lucy Ogalue Dr Akinwumi Adesina, President of African Development Bank (AfDB) said that the Abidjan-Lagos highway corridor has secured a 15.5 billion dollars investment interest. Adesina said this while welcoming participants at the 2023 Africa Investment Forum (AIF) Market Days in Marrakech, Morocco on Wednesday. The News Agency ofContinue Reading
By Lydia Ngwakwe The Chartered Institute of Bankers of Nigeria (CIBN) and the Lagos Business School (LBS) have collaborated to launch novel dual qualification programmes, the MBA/Chartered Banker and SMP/Chartered Banker programmes. The President, CIBN, Dr Ken Opara, FCIB, confirmed this in a statement on Friday in Lagos. OparaContinue Reading
By Lydia Ngwakwe The Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) says it’s committed to making internal auditing in Nigeria a world-class. The Chairman, ACAEBIN, Mr Prince Akamadu, said this in a statement on Thursday in Lagos. Akamadu, at the association’s two-day training on “Internal Audit staffContinue Reading
By Lydia Ngwakwe Winners have emerged at the Junior Achievement Nigeria (JAN) National Competition 2023, held in Partnership with FirstBank Nigeria. The News Agency of Nigeria (NAN) reports that the overall winner of the competition is the Sustainable Future Advocate Company, from Kosofe Secondary School, Lagos. TheContinue Reading
By Lucy Ogalue The Board of Directors of the African Development Bank (AfDB) Group has approved a project to provide 60,000 metric tons of fertiliser to 400,000 smallholder farmers in Uganda. The bank in a statement issued on its website on Sunday said this would be done under the FertiliserContinue Reading
By Rukayat Adeyemi Experts have expressed optimism that the banking industry would soon embark on new recapitalisation drive owing to the current economic realities in the country. They said this at the official launch of Proshare Impact Report on Nigeria’s banking sector titled: ‘Reassessing Tier 1 Banks – The ClassContinue Reading
By Rukayat Adeyemi The Fiscal Responsibility Commission (FRC) on Saturday highlighted the risks associated with banks lending in a manner that contravenes the Section 45 of its Fiscal Responsibility Act. Its Executive Chairman, Mr Victor Muruako, who spoke at a one-day stakeholders dialogue in Lagos, said such manner could alsoContinue Reading
By Victor Okoye The Fiscal Responsibility Commission (FRC) said it will hold a Stakeholders dialogue, on the implementation of sections of the Fiscal Responsibility Act that relates to lending by banks to governments and public institutions. Mr Bede Anyanwu, FRC’s Head of Strategic Communications who stated this is in aContinue Reading
By Lydia Ngwakwe Parallex Bank Ltd. has reaffirmed its commitment to helping organisations and individuals in showcasing contributions of indigenous and non-indigenous communities to the country’s economic development. The Managing Director of Parallex Bank, Dr Olufemi Bakre, expressed the commitment on Monday in Lagos at the International Food andContinue Reading
