Bank

Iranian President Hassan Rowhani has threatened consequences if the UN Security Council prolongs an arms embargo against Iran at the behest of the United States.

The management of Stanbic IBTC Bank PLC (“the Bank”) has reacted to a publication by various online media, which purports to indicate that Ascon Oil Limited (“Ascon”) ‘retook possession’ of a property along Lekki Admiralty Way, pursuant to an alleged Court Order issued in their favour.

A dollar rebound faltered on Tuesday as political wrangling over a United States relief plan and the gloomy outlook weighed on the currency.

The Board of Directors of the African Development Fund (ADF) on Friday approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19 pandemic and mitigate its socio-economic impact on the nation.

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.

Senator Uba Sani representing Kaduna Central, in the upper chamber, stated that he is elated by the passage of his Bill for an Act to Repeal the Banks and Other Financial Institutions Act 2004.

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.

The Central Bank of Nigeria (CBN) has unveiled series of guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS), Micro, Small and Medium Enterprises Development Fund (MSMEDF), the Accelerated Agricultural Development Scheme (AADS) and seven other intervention schemes in its bouquet.

The Minister of Niger Delta Affairs, Godswill Akpabio, on Tuesday, said the present regime was committed to repositioning the Niger Delta Development Commission despite the grumblings being experienced.

Ogun Governor, Prince Dapo Abiodun, has set up a committee that will develop guidelines for a safe reopening of schools for students at the final year or transition classes in the State.

The bank, in a statement on Thursday in Lagos, said that it climbed a whopping 29 spots from 425 in 2019 to 386 in the 2020 global ranking of banks.

Russia‘s central bank on Friday cut its key lending rate by 1 percentage point to 4.5 percent to maintain inflation next year close to the targeted 4 percent, the bank said in a statement.

Former Nigerian President, Olusegun Obasanjo, has faulted a demand by the United States Treasury to probe the President of the African Development Bank, Akinwunmi Adesina, who had earlier been cleared of all allegations by an investigative body.

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.

As part of its continued effort to mitigate the impact of the coronavirus (COVID-19) on households, businesses and regulated institutions, the Central Bank of Nigeria (CBN), has announced more relief measures.

A Canadian court ruled against Huawei’s chief financial officer, Meng Wanzhou, on Wednesday in her extradition case to the US on fraud charges.

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.

Nigerian singer, songwriter, and dancer, Akinmayokun Awodumila, popularly known as May D, said he couldn’t own a bank account while under Square Records of now-defunct music duo, PSquare.