Banking

CBN director: How I collected $600,000 contract bribe for Emefiele

A former Director of Information Technology of the Central Bank of Nigeria (CBN), Mr. John Ayoh, has explained how he…

2 years ago

Zenith Bank shareholders approve HoldCo structure as Ovia lauds investors

The shareholders of Zenith Bank Plc have approved the restructuring of the bank to a holding company. The shareholders approved…

2 years ago

CBN approves sale of $10,000 at N1,021/$ to 1,583 BDCs

The Central Bank of Nigeria (CBN) has approved the sale of an additional $10,000 to 1,583 eligible Bureaux De Change…

2 years ago

Nigeria secures World Bank’s $2.25bn loan at 1% interest rate

The Federal Government had secured a $2.25 billion single-interest loan from the World Bank. The facility offers a 40-year-term with…

2 years ago

FirstBank appoints Olusegun Alebiosu Acting MD/CEO

Following the sudden resignation of its Managing Director/Chief Executive, the Board of FBN Holdings Plc. has appointed Mr. Olusegun Alebiosu…

2 years ago

AGM: Shareholders remember Wigwe, others at Access Holdings

By ETIM ETIM Out of deference and honour to their departed chairman, Mr. Bababode Odunkoya and Group Chief Executive, Dr.…

2 years ago

Shareholders okay Access Holdings’ $1.5bn capital plan, N350bn rights issue

The plan by the Access Holdings Plc to establish a capital raising programme of up to $1.5 billion has been…

2 years ago

UBA America boosts commercial diplomacy, hosts business leaders in U.S.

UBA America, the United States subsidiary of United Bank for Africa (UBA) Plc, has hosted diplomats, government officials, and business…

2 years ago

CBN reduces banks LDR to 50%

The Central Bank of Nigeria (CBN) has reduced the Loan-to-Deposit Ratio (LDR) of deposit money banks from 65 per cent…

2 years ago

2030: World Bank, AfDB partner to connect 300m Africans to electricity

The World Bank Group and African Development Bank (AfDB) Group are partnering on an ambitious effort to provide at least…

2 years ago

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