The UBA Foundation, the corporate social responsibility arm of United Bank for Africa (UBA) Plc, has once again demonstrated its commitment to social impact by distributing essential materials and cash …
Banking
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BankingCommunity DevelopmentEducationHumanitarian AidPan-African Initiatives
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BankingEastern AfricaFinancial ServicesInsuranceLegal Affairs
Finance Trust Bank Denied Direct Access to Insurer Funds
by Radarr Adminby Radarr AdminThe High Court has dismissed an attempt by Finance Trust Bank to claim compensation directly from an insurance company following a dispute over alleged professional negligence by a surveying firm. …
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BankingEconomyGhanaGovernancePublic FinanceUncategorized
Ghana Seeks Reforms as Gold-for-Reserves Scheme Records Heavy Losses
by Radarr Adminby Radarr AdminGovernor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has called for a united national effort to reform and strengthen Ghana’s Domestic Gold Purchase Programme (DGPP) and the Gold-for-Reserves …
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BankingBusinessDigital BankingEconomic DevelopmentFinanceGhanaWestern Africa
First Atlantic Bank Expands to Liberia, Boosting West Africa Banking
First Atlantic Bank PLC (FAB) has taken a major step in its regional growth strategy after securing regulatory approval to operate in Liberia. The development marks an important milestone for …
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BankingBusinessEconomyEnergyFinanceInfrastructurePower Sector
Sahara Power Services $438m Loan, Backs Nigeria Power Sector Growth Plans
by Radarr Adminby Radarr AdminSahara Power Group has disclosed that it has so far paid the naira equivalent of $438 million in loan repayments, representing about 73 per cent of its original $600 million …
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African EconomyBankingFinanceGhanaRegulationRemittances
Bank of Ghana Enhances Oversight of Inward Remittances
The Bank of Ghana (BoG) has introduced new operational guidelines for International Money Transfer Operators (IMTOs) as part of efforts to tighten oversight of inward remittances, protect foreign exchange inflows, …
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African EconomyBankingFinanceInternational BusinessINVESTMENT
Ethiopia Banking Reform: Standard Bank Gets First Foreign Approval
Standard Bank has recorded a major milestone in Ethiopia after its Representative Office in the country became the first foreign financial institution to be re-licensed under Ethiopia’s newly revised Banking …
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BankingBusinessEconomyEnergyFinanceNigeriaOil & Gas
Chappal Energies Secures $430m Financing to Strengthen Asset Portfolio and Support Growth Strategy
Chappal Energies, through its subsidiary, Chappal Investments Limited, has completed major financing transactions valued at a total of $430m, marking an important step in the company’s financial and strategic expansion …
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BankingBusinessCorporate GovernanceDevelopmentEducationHigher EducationSustainability
Don appointed FirstBank Samuel Asabia Ethics Chair
FirstBank of Nigeria Limited has announced Professor Kenneth Amaeshi as the first occupier of the FirstBank Samuel Asabia Professorial Chair of Business Ethics at the University of Lagos. The announcement …
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The Chief Executive Officer of First Bank of Nigeria Limited, Mr Olusegun Alebiosu, has said the bank’s Digital Xperience Centre initiative is part of a broader effort to redefine how …