Finance

Kenya Central Bank Governor Patrick Njoroge arrives for a news conference at the Central Bank of Kenya (CBK) headquarters in Nairobi, Kenya July 25, 2019. REUTERS-Stringer

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.
Facebook on Tuesday said the coronavirus pandemic has users flocking to its services while it undermines ad revenue on which the world’s biggest social network depends.

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 African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

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.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

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 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.

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 - United Bank for Africa

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 Plc, on Sunday, said it has promoted 216 staff while193 staff got step-wise notch increment as part of its tradition of rewarding and motivating employees for higher productivity.

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.
Nigeria Naira

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.
The headquarters of the African Development Bank (AfDB) are pictured in Abidjan, Ivory Coast, January 30, 2020.REUTERS-Luc Gnago

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 African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

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.
The State Gov. Seyi Makinde, made this known via his official Twitter, @seyiamakinde on Saturday.

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.
A vendor poses as he counts Nigerian naira banknotes inside a shop in Idumota Market, in Lagos, Nigeria February 11, 2019. REUTERS-Nyancho NwaNri

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.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

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 Plc has urged its customers and the general public to disregard social media report of its shutting 340 branches nationwide.

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).
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

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 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.

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 cost Barcelona £146m when signing from Liverpool 15 months ago

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.
Essam al-Erian, 66, was arrested in 2013 following the army’s ouster of Islamist president Mohamed Morsi on the back of mass protests against his brief rule.

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

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.
The Federal Capital Territory (FCT) administration has raised alarm over rising cases of insecurity and vandalism in the territory. Abuja

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.