By Emmanuella Anokam The African Export-Import Bank (Afreximbank) says Nigeria is among the largest beneficiaries accounting for about 60 per cent of its US$30 billion funding of the energy sector in Africa. The Afreximbank said it has been able to make modest contributions in the oil and gas sector becauseContinue Reading
Military neutralises 3 top terrorists’ commanders, 43 others in 1 week – DHQContinue Reading
CBN Governor, Yemi Cardoso By Kadiri Abdulrahman The Central Bank of Nigeria (CBN), has disbursed 61.64 million dollars to foreign airlines through various commercial banks. Tbe bank said in a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali, in Abuja on Sunday. According to Sidi-Ali,Continue Reading
By Lydia Ngwakwe Parallex Bank Ltd. has been recognised as the Reputable Bank of the Year by the Global Reputation Forum in the United Kingdom. The Chief Executive Officer of Parallex Bank, Dr Olufemi Bakre, who represented the bank at the event, made this known in a statement onContinue Reading
By Lydia Ngwakwe The Association of Corporate and Marketing Communications Professionals in Banks in Nigeria (ACAMB) has described the death of its Publicity Secretary, Mr Abdul Imoyo, as a big blow to the banking and financial sector. The President, ACAMB, Mr Rasheed Bolarinwa, said this in a statementContinue Reading
By Rukayat Moisemhe Moniepoint Microfinance Bank (MfB) has introduced a new initiative “Moniepoint Personal Banking Refer and Earn” programme aimed at rewarding its customers this Christmas season. Managing Director, Moniepoint MfB, Babatunde Olofin, who made this known in a statement in Lagos on Sunday said the idea was in tandemContinue Reading
By Lucy Ogalue Africans must stand together to mobilise and efficiently manage the resources required to enhance productivity and create wealth in Africa for Africans. The African Development Bank’s (AfDB), Vice-President and Chief Economist, Kevin Urama, said this in Abuja. Urama spoke at the graduation of inaugural set of theContinue Reading
By Kadiri Abdulrahman A Financial Expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to sanction banks that allowed customers to operate accounts without their BVN and NIN. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), said this in an interview withContinue Reading
By Lucy Ogalue The African Development Bank (AfDB) has signed an additional 20 million dollars Trade Finance Facility with FSDH to support Small and Medium Enterprises (SMEs) in Nigeria. Mr Lamin Barrow, Director-General, Nigeria Country Department, AfDB, said this during the signing ceremony, on Thursday in Lagos. According to Barrow,Continue Reading
By Chinyere Joel-Nwokeoma Some capital market experts have expressed optimism that the primary market segment of the nation’s stock market will witness increased activity with the planned recapitalisation of banks by the Central Bank of Nigeria (CBN). They spoke with the News Agency of Nigeria (NAN) on Monday in Lagos,Continue Reading
