The World Bank has delayed in approving the long-anticipated $1.5 billion loan for Nigeria as scheduled in August due to concerns raised over reforms, according to people familiar with the matter.The ...
Honeywell Group has come out to refute claims by the central bank saying its loans from the First Bank of Nigeria were unregulated. The company says its loan facilities from the bank are within regula...
The World Bank has approved a $723 million funding package for Ukraine, which will aid the government's finances while it confronts a Russian invasion.According to a statement on the World Bank's webs...
The value of 14 listed banks decreased by N134 billion in the first half (H1) of 2022 due to investors' continued apathy and divestment from banking equities at the Nigerian Exchange Limited (NGX)...
The Chief Executive Officer of Ghana's defunct Capital Bank, Willian Ato Essien, has been sentenced to 15 years imprisonment with hard labour. This ruling was issued by the Accra High Court, which was...
The Central Bank of Nigeria (CBN) has come out to reassure bank customers that their funds are secured in their accounts. The apex bank also stated that there was no need for panic withdrawals.This wa...
Access Bank Plc has instructed all its customers to repay all their outstanding debts from the Central Bank of Nigeria loan scheme.The directive comes as Access Banks plan to target timely and respons...
On Tuesday, Zenith Bank Plc announced the appointment of Dr. Adaora Umeoji as the new GMD/CEO of Zenith. Before her appointment, Mrs. Adaora Umeoji worked as a banker.The announcement of her appointme...
What is a Bank Credit?Definition‘Bank Credit’ is a financial term used to refer to the amount of money a business or individual can borrow from a bank. It is also referred to as the money tha...
What is Bank Reserve? Loans are usually given after a corresponding or overly compensating value of the collateral has been signed in. In like terms, bank reserve refers to the bulk of curre...