Bank & Finance

Mar 30, 2019
Nigerian car manufacturing company, Innoson Nigeria Limited, has secured a court order that allows it to take control of some branches of Guaranty Trust Bank (GTB). Innoson, which has been…
Mar 29, 2019
Figures made available by the Central Bank of Nigeria, CBN, have shown that the country’s foreign exchange reserve has hit a six months high at $44.14 billion as at Thursday.…
Mar 27, 2019
The Central Bank of Nigeria (CBN) on Tuesday announced that it has reduced the Monetary Policy Rate (MPR) from 14% to 13.50%. This was disclosed by the CBN Governor, Godwin…
Mar 25, 2019
The Central Bank of Nigeria, CBN, has estimated that the country’s inflationary rate will rise to 12 percent and thereafter moderate. The Governor of the CBN, Godwin Emefiele stated this…
Mar 22, 2019
The New Development Bank plans to lend as much as $780 million to Eskom Holdings SOC Ltd. for infrastructure projects this year as the ailing South African power utility battles…
Mar 22, 2019
The Executive Secretary of the Economic Commission for Africa, Vera Songwe, has issued a wakeup call to Nigeria and other African countries to improve their fiscal policies and expand their…
Mar 22, 2019
The Central Bank of Nigeria, CBN, has estimated that the country’s inflationary rate will rise to 12 percent and thereafter moderate.   The Governor of the CBN, Godwin Emefiele stated…
Mar 21, 2019
The Nigerian Stock Exchange has ordered the full suspension of trading in Diamond Bank Plc shares.   This follows a receipt of final approval of the Central Bank of Nigeria…
Mar 20, 2019
  The rand closed at R14.38 on Wednesday. Here's how the day ended:  USDZAR 14.3794 EURUSD 1.1357 EURZAR 16.3225 GBPUSD 1.3195 GBPZAR 18.9480 AUDZAR 10.1870 CADZAR 10.7630 CNYZAR 2.1462Z ARJPY…
Mar 19, 2019
Access Bank Plc. said on Monday that a five-year Fixed Rate Senior Unsecured N15 billion Green Bond, the first climate bond to be issued in Africa, had been fully subscribed.…
Mar 16, 2019
The Naira on Saturday gained against the dollar at the investors window, exchanging at N360.18 to the dollar.   The News reports that the naira had exchanged at N360.36 to…
Mar 15, 2019
Kenya’s Commercial Bank of Africa said on Friday its shareholders had accepted a share swap with NIC Group, paving way for its merger. The two banks first announced their planned…
Mar 15, 2019
Approximately 1 200 jobs at Standard Bank will be impacted as the financial services provider embarks on a new banking delivery model. According to a statement issued by Standard Bank…
Mar 12, 2019
The Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) on Thursday revealed plans to bar criminals from opening bank accounts in the country.   This…
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