Banking, Finance & Investment

The World Bank has said it is set to disburse a total of $30bn to fund existing and new projects in Nigeria and other countries as part of a global …

FBN Holdings Plc, through its subsidiary First Pension Custodian Limited, agreed with Access Bank Plc to buy out the latter’s pension subsidiary Access Pension Fund Custodian in a deal involving …

Ethiopia and the World Bank have signed a pact for a grant of $300 million to assist reconstruction and recovery in conflict-hit areas, the finance ministry said. Fighting that erupted …

Sterling Bank and Sovereign Trust Insurance also made the list. The Nigerian bourse saw a surge of 4.25 per cent last week, with the NGX 30 (the index that tracks …

South Africa’s Reserve Bank is set to make its first 50 basis point hike to its repo rate in more than six years next week, taking it to 4.75%, to …

An Akwa Ibom State High Court has ordered Polaris Bank to pay a customer N500,000 as damages for the bank’s failure to reverse a failed Point of Sales (POS) transaction within …

According to the Central Bank of Nigeria‘s data, The debt owed to Nigerian banks by operators in the power sector rose by 12.83 per cent in one year to N861.14bn …

Although Southern Africa’s overall share of market capitalization is down in this year’s survey, regional firms still account for 133 of Africa’s Top 250 Companies up from 120 last year. …

Cititrust Holdings Plc has announced its strategic decision to divest its 100 per cent holdings in Cititrust Financial Services Plc Nigeria. The company announced this in a statement on Tuesday …

Nigeria spent N1.47trillion on debt servicing payments in the first half of 2021, data obtained from the Debt Management Office have shown. In the first quarter of the year, the …