CBN Sets N50m Capital for Tier 2 Microfinance Banks The Central Bank of Nigeria has introduced a Tier-based system for unit microfinance banks in the country....
CBN, SEC Green Light for Access, Diamond Merger The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have approved the merger of...
World Bank Closes Nominations for President The World Bank’s Board of Executive Directors, on Thursday, announced the closing of the period for submitting nominations for the...
Climate Change: World Bank, AfDB Pledge $47.5bn for Nigeria, Others The World Bank and the African Development Bank said on Thursday that they would together commit...
Stanbic IBTC to Provide N18bn Facility for Eland Oil & Gas Stanbic IBTC, working with its group brand, Standard Bank Group of South Africa, has partnered...
ECOWAS Bank to Raise 25b Francs in Q1 The ECOWAS Bank for Investment and Development (EBID) plans to raise 25 billion francs (FCFA 25 billion) this...
GTBank Forecasts Slower Profit Growth in 2019 Guaranty Trust Bank Plc (GTBank) expects profit growth to slow in 2019 from last year. The bank in its...
Stanbic IBTC Proposes N15.36bn Dividend Stanbic IBTC Holdings Plc has proposed a dividend of N15.56bn for the period ended December 31, 2018. Stanbic, in a notice...
Big Banks Adopt Cautious Lending on Sluggish Economy Two of Nigeria’s biggest banks gave out smaller amount of loans in 2018, compared to the previous year...
CBN, EFCC May Bar Culprits From Opening Bank Accounts Officials of the Central Bank of Nigeria and their counterparts in the Economic and Financial Crimes Commission...