ATM By Grace Alegba The Central Bank of Nigeria (CBN) says it has eliminated the three free monthly withdrawals transaction fees for cudtomers using other banks’ Automated Teller Machine (ATMs) from March 1. The apex bank disclosed this on Tuesday in a circular posted on its website, addressed to allContinue Reading
By Rukayat Adeyemi Managing Director, Wema Bank, Mr Moruf Oseni, on Wednesday disclosed the bank’s plan to raise N200 billion in fresh capital to complete its capital raise exercise. Oseni, who made this known in a statement in Lagos, said that the fresh capital would be raised through a combinationContinue Reading
FG urges investment in gas sector to create jobs, boost energy supplyContinue Reading
By Gregory O. Mmaduakolam An Economist, Mr Abba Adaudu, has decried the revocation of the licence of Heritage Bank by the Central of Nigeria (CBN) due to a breach of banking regulations. Adaudu, who is also a financial consultant, spoke with the News Agency of Nigeria (NAN) on Tuesday inContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN), has announced revocation of the licence of Heritage Bank Plc with immediate effect. This is according to a statement issued by Hakama Sidi-Ali, the Acting Director, Corporate Communications Department of CBN on Monday in Abuja. Sidi-Ali said that the action wasContinue Reading
By Lucy Ogalue The African Development Bank (AfDB) Group President, Dr Akinwumi Adesina, has reaffirmed the bank’s commitment to continue to deliver at scale to countries in the continent. Adesina said this at the sideline of an event to celebrate the bank’s 60th anniversary. The event was held on theContinue Reading
By Lucy Ogalue Africa needs to close a financing gap of about 402.2 billion dollars annually by 2030 to fast-track its structural transformation. Dr Akinwumi Adesina, President, African Development Bank (AfDB), said this during the presentation of the African Economic Outlook (AEO) 2024 at the ongoing AfDB Annual Meetings inContinue Reading
By Lucy Ogalue The African Development Bank (AFDB) has reiterated its commitment to promote mutual reliance on the continent in procurement diagnostic tools and social environment safeguards. The AfDB’s Senior Vice-President, Swazi Tshabalala, said this at the Annual Development Effectiveness Report held on the sidelines of the 2024 AfDB AnnualContinue Reading
By Lucy Ogalue Growth rate of Nigeria and other West African countries is projected to rise from an estimated 3.6 per cent in 2023 to 4.2 and 4.4 per cent in 2024/2025. The African Development Bank (AfDB) Vice-President and Chief Economist, Kevin Urama, said this at Thursday’s highlight of theContinue Reading
By Lucy Ogalue Some African leaders say the continent will benefit from increasing its alliance with Brazil, Russia, India, China, and South Africa (BRICS) group because of the many investment opportunities. They spoke during a BRICS Business Breakfast in Nairobi, Kenya, on the sidelines of the ongoing African Development BankContinue Reading
