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Iranian president threatens consequences if arms embargo extended

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.
Stanbic IBTC

Stanbic IBTC Bank reacts to Ascon Oil story

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.
Dollar

Dollar slips after political wrangling slows rally

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

AfDB Group supports Ghana’s coronavirus response plan with $69 million grant

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.
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.
Senator representing Kaduna Central zone, Malam Uba Sani, has flagged-off distribution of palliatives to two million households in the seven local government areas that makeup his constituency.

Senator Sani: New banking, financial bill long overdue

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.
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.
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 unveils non-interest guidelines for AGSMEIS, MSMEDF, others

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.
Minister of Niger Delta Affairs, Senator Godswill Akpabio and Prof Kemebradikumo Daniel Pondei, Acting Managing Director

Senator Akpabio: We are determined to reposition NDDC

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.

Ogun governor sets up committee for reopening of schools

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.

Zenith Bank tops in Nigeria by Tier-1 capital

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.

Russia cuts lending rate to keep 2021 inflation close to 4% target

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.

Ex-President Obasanjo: AfDB’s governance at risk of being hijacked

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 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 bank governor says small businesses need urgent help

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 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 announces reliefs on OFI loans

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.
Meng Wanzhou

Canadian court disappoints Huawei over CFO’s case

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

Akinwumi Adesina: I’ve not violated AfDB’s code of ethics

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 has addressed the cause of fallout with Square Records of now-defunct music duo, PSquare.

May D: I didn’t have a bank account while with PSquare

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.

Recent Stories

Gunmen attack journalists in Nasarawa

Gunmen suspected to be armed robbers, on Wednesday, invaded the residence of Nasarawa State correspondent of The Nation Newspaper, Mr Linus Oota.

Former NUJ chairman urges government to enforce use of sanitiser, others

An appeal has once again been made to the government at all levels to enforce the use of sanitizers, face masks and observe social distancing to curb the spread of COVID-19.
Romelu Lukaku will want revenge against Manchester United, according to Dimitar Berbatov, who says the Inter striker would love to knock the Red Devils out of Europe.

Dimitar Berbatov: Romelu Lukaku ‘will want revenge’ against Manchester United

Romelu Lukaku "will want revenge" against Manchester United, according to Dimitar Berbatov, who says the Inter striker "would love" to knock the Red Devils out of Europe.
The Minister of Information and Culture, Lai Mohammed, made the disclosure Wednesday after the Federal Executive Council presided over by President Muhammadu Buhari, at the State House, Abuja.

Nigerian government explains what constitutes hate speech

The Federal Government says “any speech, broadcast or publication that denigrates a person, a group of people on the basis of their sex, religion, political belief or origin is hate speech”.
Former Super Eagles skipper John Obi Mikel has reacted for the first time after his contract termination by Trabzonspor over coronavirus comment.

Mikel Obi eyes return to England

John Mikel Obi admits a return to England is ‘a strong possibility’ amid interest from Stoke City and West Bromwich Albion.