Bank & Finance

Nov 13, 2019
The European Investment Bank on Tuesday formally agreed to support the membership expansion of the African Trade Insurance Agency (ATI) with a concessional financing facility to cover the shareholding of…
Nov 13, 2019
Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has won five awards at the 2019 edition of the FMDQ Gold Awards which held recently at the Oriental…
Nov 13, 2019
Local banks started the issuance of the new Zimbabwean dollar coins and notes as of this morning following a ZWL$30 million allocation to banks by the Reserve Bank of Zimbabwe…
Nov 12, 2019
Egyptian President Abdel Fattah al-Sisi thanked US President Donald Trump Monday on social media for his support in the trilateral Nile damn negotiations later this week. Sisi described Trump as…
Nov 10, 2019
OPay, a provider of payment, ride-hailing, food delivery and loan services, has been given approval by the Central Bank of Nigeria (CBN) to commence international money transfer. With the approval,…
Nov 07, 2019
The Reserve Bank of Zimbabwe (RBZ) has released the main features of the country's new currency effectively re-designated in June but having had its place held by the surrogate bond…
Nov 05, 2019
Sudan is discussing several scenarios such as cash transfers for poor people to accompany planned subsidies for food and other basic goods, Prime Minister Abdalla Hamdok said on Monday. Shortages…
Nov 04, 2019
The Debt Management Office (DMO) will on Monday, November 4, 2019, sell 2-year and 3-year Federal Government Savings Bond in its November 2019 issue. The savings bond will attract 10.296% per annum…
Oct 31, 2019
The Board of Directors of the African Development Bank Group (AfDB) on Tuesday approved a $165 million loan to finance part of Angola’s three-year economic diversification support program intended to…
Oct 30, 2019
Federal Inland Revenue Service (FIRS) and First Bank Plc have opted for out of court settlement in an N25 billion damages suit filed against them by an indigenous company, Biatemp…
Oct 29, 2019
US-based Malaysia woman duped a Republican official into giving her hundreds of thousands of dollars to invest in a fake Nigerian oil venture.   Siew Im Cheah, 51, persuaded Jimmy…
Oct 28, 2019
South African President Cyril Ramaphosa on Monday refuted allegations that a number of countries in Africa are being led into a debt trap as they take up loans to fund…
Oct 28, 2019
The Central Bank of Nigeria (CBN) has given a tier 1 lender, Access Bank a “No Objection” approval for its proposed acquisition of controlling equity interest in Transnational Bank of Kenya (TNB)…
Oct 24, 2019
United Bank for Africa (UBA) has released its Q3 2019 interim consolidated financial statements for the 9 months period ended September 30, 2019. The results show that interest income increased by…
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