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A security takes his position in front of the National Bank of Egypt (NBE), also known as the Al Ahli Bank in Cairo, Egypt March 14, 2016. REUTERS-Amr Abdallah Dalsh

Egyptian state banks collect over $7 billion from high-yield certificates

Egypt’s two biggest state banks have collected 121 billion Egyptian pounds ($7.7 billion) from a new high-yield savings certificate they introduced in March, officials from the two banks were quoted as saying on Sunday.
The National Bank of Egypt had collected 66 billion pounds, its vice chairman said, and Banque Misr 30.6 billion pounds, its chairman said, according to the state Middle East News Agency.

Egypt state banks collect over $6 bln from high-yield certicates

Egypt’s two biggest state banks have collected almost 100 billion Egyptian pounds ($6.37 billion) from a new high-yield savings certificate they introduced last month, officials from the two banks were quoted on Sunday as saying.
The French economy shrank by six per cent in the first quarter of 2020, according to initial Banque de France estimates published on Wednesday.

Coronavirus: France moves into recession – national bank

The French economy shrank by six per cent in the first quarter of 2020, according to initial Banque de France estimates published on Wednesday.

Ondo pays salary arrears of ex-political office holders

Ondo State Governor Oluwarotimi Akeredolu has paid former political office holders, two out of the seven months salary arrears owed by the Olusegun Mimiko administration.
Hungary’s Prime minister Viktor Orban looks on as he is welcomed by French President in the courtyard of the Elysee presidential palace before their meeting on October 11, 2019 in Paris. (Photo by Ludovic MARIN - AFP)

Hungary prepares $30bn package to jump-start economy

Hungary is preparing to announce a roughly $30 billion package of measures to help jump-start the economy amid the coronavirus outbreak, a top government official said on Saturday.
Ethiopia said on Friday the National Bank of Ethiopia plans to inject 15 billion Ethiopian birr ($456 million) as liquidity for private banks to cushion the economy over the impact of the coronavirus, state-affiliated Fana news agency reported.

National Bank of Ethiopia to inject $450 million as liquidity for private banks

Ethiopia said on Friday the National Bank of Ethiopia plans to inject 15 billion Ethiopian birr ($456 million) as liquidity for private banks to cushion the economy over the impact of the coronavirus, state-affiliated Fana news agency reported.

Angola’s ex-president defends son over embezzlement charge

Angola’s ex-president has defended his son and a former central bank governor who are accused of embezzling $500 million from the country’s sovereign wealth fund, court documents showed on Tuesday.
Ukraine’s President Volodymyr Zelensky (L) meets with Prime Minister Oleksiy Goncharuk in Kiev on January 17, 2020. President Zelensky on Friday refused to accept the resignation of the country’s prime minister, saying he wanted to give Oleksiy Goncharuk “a second chance”. HO / UKRAINIAN PRESIDENTIAL PRESS SERVICE / AFP

Ukraine president rejects premier’s resignation over leaked recording

Ukraine President Volodymyr Zelensky said Friday he wanted to give his prime minister a “second chance” and refused to accept his resignation after a recording emerged of the premier questioning the head of state’s grasp of economics.
“To remove any doubts about our respect for and trust in the president, I have written a resignation letter and handed it over to the president,” Oleksiy Goncharuk wrote on his official Facebook page.

Ukraine premier resigns after leaked audio criticising president

Ukraine’s prime minister offered his resignation on Friday after audio was leaked of him reportedly criticising President Volodomyr Zelensky’s understanding of the economy.
The Alaafin of Oyo, Oba Lamidi Adeyemi 111 has assured the Yoruba nation that the hostility between him and the Ooni of Ife should be considered a thing of the past.

Alaafin: From now on, I and Ooni will no longer fight

The Alaafin of Oyo, Oba Lamidi Adeyemi 111, has assured the Yoruba nation that the hostility between him and the Ooni of Ife should be considered a thing of the past.
Diamond Bank

Central bank grants Diamond Bank national licence

The Central Bank of Nigeria (CBN) has granted Diamond Bank approval to operate as a national bank with immediate effect.

Why Diamond Bank opts for national status

Diamond Bank, a mid-tier lender, has received approval from the Central Bank of Nigeria (CBN) to operate only in the country in a move to lower capital requirements after selling its international units, it was learnt at the weekend.

Police deny shooting protesting students in Ondo

The Ondo State Police Command has denied a report that its officers shot at protesting students on Monday in Akure.

Lassa fever: Ondo government donates medical items to FMC Owo

Ondo State Government has donated medical items to Federal Medical Centre, Owo, for improved healthcare service delivery against Lassa fever.

Commercial motorcyclist slumps, dies in Ondo filling station

A middle-aged commercial motorcyclist identified as Akinsowon Kehinde on Sunday slumped and died at a petrol station in Ondo town, Ondo West Local Government of Ondo State, while buying fuel.

Ondo government denies increasing childbirth fees

The Ondo state government has denied hiking childbirth fee at the State Specialist Hospital, Akure.

Pregnant woman, five others killed in Ondo building collapse

At least six people including a pregnant woman were reportedly killed in Igbabo town, Arogbo-Ijaw, in Ese Odo local government area of Ondo State when a church building under construction collapsed on them.

Official: Ondo government to spend N50 billion on road rehabilitation

Ondo State government has said it had earmarked about N50 billion in the 2018 budget for rehabilitation of roads in the state toward making them free of potholes.

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NMA: President Buhari should issue order for unfettered access into Kogi

Nigerian Medical Association (NMA) has sent a “Save Our Soul” message to President Muhammadu Buhari to rescue the people of Kogi state from pending major health crisis that may be possibly caused by undetected COVID-19 pandemic.
The Speaker of the Gombe State House of Assembly is expected to emerge on Friday, during the first sitting of the 6th assembly in the state.

Gombe Assembly passes local government joint project bill

The Gombe State House of Assembly has passed into law a bill for a law to provide for the establishment of a joint project development agency and other matters related thereto.
US President Donald Trump speaks during the daily briefing on the novel coronavirus, which causes COVID-19, in the Brady Briefing Room of the White House on April 17, 2020, in Washington, DC. (AFP-Jim Watson)

Donald Trump sends national guard to Minneapolis to stop protesters

US President Donald Trump has sent in National Guard to Minneapolis to help restore peace and tranquility in the city.
General view outside of Arsenal’s Training Ground in London Colney after manager Mikel Arteta tested positive for coronavirus and their Premier League match against Brighton on Saturday has been cancelled. Reuters-Paul Childs-File Photo

Arsenal sure of signing Nigeria forward from Club Brugge

Arsenal are favourites to sign Club Brugge forward, Emmanuel Dennis, but they are not alone.