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
By Rukayat Adeyemi Access Bank Plc says it has enhanced its Agriculture Desk to boost sustainable agricultural business and attract global investments. The Executive Director, Commercial Banking, Access Bank, Ms Hadiza Ambursa, at a news conference in Lagos, said that the move aimed at improving value for itsContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN), is set to recover loans it granted some categories of Nigerians to ameliorate harsh socio-economic realities. The News Agency of Nigeria reports that the loan initiative involved is the Targeted Credit Facilities (TCF), granted to some Nigerians in 2020 to cushionContinue Reading
By Lucy Ogalue The President of African Development Bank (AfDB), Dr Akinwumi Adesina, has condoled with the people of Morocco on the recent earthquake that claimed many lives and injured thousands. Adesina in a statement described the incident as devastating and distressing. The News Agency of Nigeria(NAN) reports that Morocco,Continue Reading
By Lucy Ogalue The African Development Bank(AfDB) has unveiled the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA) to insulate countries against catastrophic weather-related events. The AfDB’s President, Dr Akinwumi Adesina, said this in a statement on the bank’s website. Adesina spoke on the sidelines of theContinue Reading
By Nana Musa The Chief Executive Officer (CEO) of the First Bank Group, Dr. Adesola Adeduntan said that the group had made banking transactions convenient for its customers to transact all their business. He said this at the cocktail party organised by the Annual Banking and Finance Conference in AbujaContinue Reading
By Lydia Ngwakwe The Chartered Institute of Bankers of Nigeria (CIBN) has inducted 1,212 graduated banking professionals, urging them to continuously learn and adapt to new changes. The President/Chairman, CIBN, Dr Ken Opara, gave the advice at the 2023 CIBN graduates induction and prize award on Saturday inContinue Reading
The Chartered Institute of Bankers of Nigeria (CIBN) has commended President Bola Tinubu for unifying the Naira exchange rate to save the country from financial crisis. The President/ Chairman of Council of CIBN, Dr Ken Opara, said this at the 2023 Lagos Bankers Night with the theme, ” ExchangeContinue Reading
