AfDB Approves $150million Line of Credit for UBA

The Board of Directors of the African Development Bank Group (AfDB) through its private sector window has approved a $150-million line of credit (LOC) for United Bank for Africa Plc (UBA)…

Dangote Group Acquires Equity in Afreximbank

The Dangote Group, Africa’s leading indigenous conglomerate, owned by the continent’s richest man, Aliko Dangote, has become the latest entity to join the African Export-Import Bank (Afreximbank) as a shareholder. Information obtained…

Skye Bank Ignores Ngige’s Directive, Sacks 175 Employees

Skye Bank Plc may have ignored the directive by Labour and Productivity Minister, Senator Chris Ngige, that banks should halt further retrenchment of its workers as it has just sent 175 of…

Access Bank Partners Wapic, Ghana Life for Bancassurance

By Akin Akinremi Access Bank Ghana has partnered Wapic Insurance and Ghana Life Insurance to launch innovative insurance products for consumers in Ghana, in line with its strategy to build…

First Bank Creates Value-chain Support for Its Customers

The First Bank of Nigeria Limited has created a value-chain support for the interests and activities of its customers with varying categories of products and services to support businesses across…

Zenith Bank MD Hails Infantino’s Proposed Visit to Nigeria

The proposed visit of the FIFA President, Gianni Infantino, to Nigeria is a big boost to football development in the country, according to the Managing Director and CEO of Zenith Banl Plc,…

Why We Sacked 200 Staff-Diamond Bank

Diamond Bank Plc, on Tuesday, gave reasons for the sacking of 200 staff last Friday. In a statement, the lender said the sacking of the 200 workers was in line with…

OPEC Members Meet Thursday as Oil Prices Rise

Organization of Petroleum Exporting Countries (OPEC) members will meet on Thursday even as oil recovers in the international markets. CNN reports that the meeting is coming as output and sale…

FG Sets Panel on Recovery of Loans Owed AMCON

A Presidential Inter-Agency Committee on recovery of loans granted to commercial banks and corporate organizations by the Asset Management Corporation of Nigeria has been set up by the Federal Government.…

Nigerian Interbank Rates Fall on Expectations of Budget Disbursal

Akin Akinremi with agency report Nigeria’s overnight interbank rate eased to an average of 5 percent for overnight lending on Friday, down from 9 percent last week in anticipation of…