Kenya central banker says still has ‘plenty of firepower’
Kenya’s central bank governor said on Thursday that policymakers still have “plenty of firepower” to combat impact of the coronavirus crisis on the economy.
Bank unveils special loan package for female entrepreneurs
Ecobank Nigeria has unveiled a special loan package for female entrepreneurs in the country. The Ecobank Female Entrepreneurs’ Initiative (EFEI) loan is specially designed by the bank to financially empower female business owners and entrepreneurs in the country.
Bank partners Facebook to build capacity for SMEs
Polaris Bank has partnered with the global social media giant, Facebook, to provide free digital marketing training to SMEs in Nigeria.
South Africa’s rand firmer ahead of local CPI, Fed decision
South Africa’s rand firmed against the dollar early on Wednesday, ahead of domestic consumer price inflation figures and the U.S. Federal Reserve’s monetary policy decision.
Central bank re-assigns two pre-shipment inspection agents for non-oil export
The Central Bank of Nigeria, CBN, yesterday, re-assigned two companies as Pre-Shipment Inspection Agents (PIA) for non-oil exports in the northern and south-western parts of the country.
Embattled AfDB chief survives another probe into his conduct
Embattled President of African Development Bank (AfDB), Dr Adewumi Adesina, has survived a second round of investigation into his conduct, giving him a boost in his re-election bid next month.
AfDB independent panel clears Akinwumi Adesina of wrongdoing
An independent panel of experts, headed by former Irish president Mary Robinson, has cleared the President of the African Development Bank (AfDB) of corruption, according to a report obtained by AFP.
UBA announces global management appointments
The United Bank for Africa Plc (UBA) has announced the appointments of Rokia Hacko, Chioma Mang, Chinedu Obeta, Bode Aregbesola, Kingsley Ulinfun and Usman Isiaka as chief executive officers of six of its 20 subsidiaries across Africa, subject to regulatory approvals.
Jaiz Bank promotes 216 staff
Despite the crushing effects of the COVID-19 pestilence on the economy, Jaiz Bank Plc, on Sunday, said it has promoted 216 staff while 193 staff got step-wise notch increment as part of its tradition of rewarding and motivating employees for higher productivity.
Naira weakens marginally to dollar
The Naira on Friday weakened marginally against the dollar at both the parallel market in Lagos and the investor’s window.
AfDB approves $300 million loan to South Africa
The African Development Bank (AfDB) has approved a roughly 5 billion rand ($300 million) loan to the South African government to help it fight the COVID-19 pandemic and support its budget, the bank said on Wednesday.
South Africa’s rand up before central bank’s rate decision
The South African Reserve Bank concludes its three-day policy meeting on Thursday, with most analysts expecting it to cut rates by 25 basis points but some forecasting no change.
Oyo approves issuance of N100 billion private bond for ‘priority projects’
The Oyo State Executive Council has approved the issuance of a N100 billion private bond tagged “Oyo Prosperity Bond” to facilitate the execution of priority projects that will further drive economic development.
Naira exchanges at N472 to dollar at parallel market
The Naira on Tuesday exchanged at N472 to a dollar at the parallel market in Lagos.
Fitch affirms Triple A rating of AfDB with stable outlook
Fitch Ratings, the global credit rating agency, has affirmed the African Development Bank’s (AfDB) Long-Term Issuer Default Rating (IDR) at ‘AAA’ with stable outlook.
Access Bank acquires Kenya’s Transnational Bank
Following its first announcement in October 2019, Access Bank Plc has announced the successful completion of the acquisition of Transnational Bank Plc, of Kenya (TNB).
Nigeria’s central bank retains benchmark interest rate at 12.5% percent
The Central Bank of Nigeria on Monday retained the country’s benchmark interest rate or Monetary Policy Rate at 12.5 per cent.
Fidelity Bank appoints Nneka Onyeali-Ikpe as managing director-designate
Fidelity Bank Plc has notified the Nigerian Stock Exchange (NSE) and the general public of the appointment of Mrs Nneka Onyeali-Ikpe, as the incoming Managing Director/Chief Executive Officer, effective Jan. 1, 2021.
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Philippe Coutinho wants Premier League return – agent
Barcelona-owned Philippe Coutinho is keen on a return to the Premier League, his agent, Kia Joorabchian has claimed, with the likes of Arsenal, Leicester and Tottenham all reported to have an interest.
Senior Muslim Brotherhood leader dies in Egypt prison
A senior leader of the outlawed Muslim Brotherhood died Thursday in an Egyptian prison where he was serving multiple sentences including on terror-related charges, his lawyer said.
Jude Idimogu: I’m in APC to reconcile aggrieved Ndigbo in Lagos
The new Apex leader of Ndigbo in Lagos All Progressives Congress, APC, Hon. Jude Chukwenemeka Idimogu, representing Oshodi Isolo Constituency in the Lagos State House of Assembly, has expressed commitment into the reconciliation of all Igbo in the party and the state in general.
FCTA warns public schools against non-compliance with coronavirus regulations
The Federal Capital Territory Administration FCTA has warned principals of government-owned secondary schools in the territory against non-compliance with Covid-19 safety guidelines.
UNILAG: ASUU, SSANU, NAAT, NASU hold emergency congress on sacked vice-chancellor
All the industrial unions in the University of Lagos, UNILAG, operating under the aegis of Joint Staff Union, JSU, are currently holding a Congress over the sack of the institution’s Vice-Chancellor, Prof. Oluwatoyin Ogundipe, by the Governing Council is the main item on the agenda.
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France sends in specialist teams after Mauritius declares oil spill emergency
France is sending specialist teams and equipment to help Mauritius deal with a fuel spill from a bulk carrier that ran aground on a pristine reef two weeks ago and threatens to become an ecological disaster.
Senator Okorocha urges Igbo politicians to shun party differences, work together
Former governor of Imo state and Senator representing Imo West Senatorial District, Owelle Rochas Okorocha, has called on politicians of Igbo extraction to shun party differences and work together in the interest of the South East zone.
Lille splash out $35 million to seal deal for Victor Osimhen’s replacement
French Ligue 1 side Lille have splashed out about $35m to sign Victor Osimhen’s replacement after sealing a deal for Canadian star Jonathan David.
Teenager remanded over alleged defilement of seven-year-old girl
An Ikeja Chief Magistrates’ Court, on Tuesday ordered that an 18-year-old teenager, Tobi Ogunrinde, who allegedly defiled his neighbour’s seven-year-old daughter, be remanded in a correctional centre.
Stakeholders call for full implementation of VAPP law in Kaduna
The Violence Against Persons Prohibition Act 2025 which has been domesticated in some Nigerian States including Kaduna and known as VAPP law was one protective law stakeholders have clamoured for, for many years.