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
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
