The Central Bank of Nigeria has directed all banks to resolve all outstanding issues relating to failed Automated Teller Machine, Point of Sale terminal and other electronic banking transactions within two weeks, starting June 8, 2020.
Financial analysts on Friday said the reduction of the monetary policy rate from 13.5 to 12.5 per cent, as announced by the Central Bank of Nigeria would expand the level of output in the economy and to some extent address inflation trend occasioned by the COVID- 19.
The African Development Bank (AfDB) on Thursday said “no decision” had been taken regarding a US push for an outside probe into its president, Akinwumi Adesina, accused by whistleblowers of ethics breaches.
Growth in private sector credit in South Africa in April slowed to 7.37% year on year from a revised 7.75% in March, central bank data showed on Friday.
South Africa’s rand weakened against the dollar early on Friday as investors monitored the latest U.S. response to China tightening its control over the city of Hong Kong.
The President of the African Development Bank, Akinwumi Adesina has not been asked to step down, Mme Niale Kaba, the chairman of the bank’s Bureau of the Boards of Governors said today.
Kenya’s small and medium businesses need urgent help to survive the economic slowdown caused by the novel coronavirus, and many are at risk of shutting down by the end of June, the head of the central bank said on Thursday.
The President of the African Development Bank, AfDB, Dr Akinwumi Adesina, has reiterated his confidence in the integrity of the Bank, saying that he has not violated the Code of Ethics of the bank.
South Africa’s rand raced to its highest in more than eight weeks against the U.S. dollar on Tuesday, as optimism about a global recovery from the COVID-19 pandemic boosted riskier assets, with investors looking past Sino-U.S. trade tensions.
The Federal Government on Thursday began the sale of its third tranche 7-year N150 billion Sovereign Sukuk, the Debt Management Office (DMO) said.
The Central Bank of Nigeria (CBN) has rescheduled it’s Monetary Policy Committee (MPC) meeting from Monday and Tuesday May 25 and 26 to Thursday, May 28.
The National Coordinator of the Presidential Task Force on COVID-19, Sani Aliyu, has asked banks and offices to start adjusting their structure, as the federal government ponders lifting restrictions.
The World Bank has got a proposal of 1.5 billion dollars to states as part of economic stimulus to cushion the impact of the COVID-19 pandemic, says Minister of Finance, Zainab Ahmed.
Polaris Bank plans to leverage its investment in cutting-edge information technology to harness emerging opportunities and mitigate the disruptive effect of the COVID-19 pandemic on its business.
The Police in Jos have arrested a 39-year-old businessman, Abdul Abdul, for allegedly raping a 13-year-old girl after buying N20 sachet water in her mother’s makeshift store.
The Inspector General of Police (I-G), Mohammed Adamu, says a video in circulation, credited to “NigeriaDream”, showing a security officer meting inhuman treatment on a man, did not happen in Nigeria.
Mane believes the 29-year-old Napoli defender would be a huge hit for the newly-crowned Premier League champions.
A U.S. judge on Monday ordered a delay in federal executions, hours before one was to be carried out for the first time in 17 years, hampering the Trump administration’s plan to revive capital punishment by the federal government.
Barcelona president Josep Maria Bartomeu is adamant Lionel Messi will not be leaving.
The Nigeria Union of Teachers (NUT), Ogun chapter, has appealed to the state government to reabsorb the N-power volunteer teachers disengaged by the Federal government into the state civil service.
Will Smith isn’t known for foul language but had no problem dropping the f-bomb on 50 Cent after the rapper took shots at his wife, Jada Pinkett Smith.
Jada Pinkett Smith has admitted she did have an affair with singer August Alsina while married to Will Smith.
The West African Examinations Council (WAEC) on Tuesday revealed that about 1, 549, 463million candidates are expected to write the May/June 2020 West African Senior School Certificate Examination (WASSCE) scheduled to start first week of August nationwide and in three countries.
Miss Arowolo Temitope, a victim of human trafficking in Lebanon has advised young girls to work hard in Nigeria to realise their dreams as against traveling abroad for greener pastures.