Bankit Microfinance Bank (MFB), a Pan-African fintech company, is using games to help Nigerians learn about managing money better. The bank believes that by making financial education fun, more people …
Banking, Finance & Investment
- Banking, Finance & InvestmentDigital EconomyEconomyFinance & ServicesFintechNigeriaTechnologyWestern Africa
- DevelopmentEconomyINVESTMENTINVESTMENT
Nigeria and OECD Strengthen Partnership to Enhance Economic Reforms and Investment Opportunities
Nigeria is set to strengthen its economic partnerships with the Organisation for Economic Co-operation and Development (OECD) as part of a broader strategy to drive essential economic reforms and attract …
- Banking, Finance & InvestmentBusinessBusiness and EconomyNigeriaWestern Africa
Keystone Bank Takes Over Bacita Sugar Company Over N25.3 Billion Debt
Keystone Bank has taken full control of Bacita Sugar Company, also known as Josepdam Sugar Company, after the firm failed to repay a debt of N25.3 billion. The financial institution …
Tony Elumelu, the chairman of United Bank for Africa (UBA) Plc, is poised to receive dividends exceeding N7 billion following the bank’s declaration of a final dividend of N3 per …
The Federal High Court in Port Harcourt, Rivers State, has dismissed a lawsuit filed by First Bank of Nigeria against General Hydrocarbons Limited (GHL), an energy company owned by Nduka …
- AfricaBanking, Finance & Investment
Court Adjourns First Bank’s $225.8 Million Debt Case Against General Hydrocarbons Indefinitely
The Federal High Court in Lagos has indefinitely adjourned the case involving an alleged $225.8 million debt owed to First Bank of Nigeria Ltd and FBNQuest Trustees Ltd by General …
- EconomyFinance & ServicesINVESTMENTINVESTMENT
Nigeria’s Eurobond Market Faces Pressure Amidst U.S. Fed’s Steady Rates
The yields on Nigerian Eurobonds experienced an uptick last week as foreign investors adjusted their portfolios in response to the U.S. Federal Reserve’s decision to maintain its current interest rates. …
- Banking, Finance & InvestmentEconomyFinance & ServicesNigeriaWestern Africa
Nigerian Banks Borrow N9.2 Trillion from CBN to Sustain Operations
Nigerian Deposit Money Banks (DMBs) have borrowed over N9 trillion from the Central Bank of Nigeria (CBN) to maintain their operations amid a significant liquidity crunch in the financial system. …
- Banking, Finance & InvestmentFintechNigeriaTechnologyWestern Africa
FirstBank Launches Fifth Digital Xperience Centre in Lekki
First Bank of Nigeria Limited has inaugurated its fifth fully automated branch, the FirstBank Digital Xperience Centre, located on Admiralty Way in Lekki, Lagos State. This initiative is part of …
- Banking, Finance & InvestmentFinance & ServicesGOVERNMENTNigeriaPoliticsWestern Africa
CBN Declines Approval of Ex-Commissioner Wale Bolorunduro as Director of Living Trust Mortgage Bank
The Central Bank of Nigeria (CBN) has declined the nomination of Dr. Adewale Bolorunduro, a former Commissioner for Finance in Osun State, as a Director of the state-owned Living Trust …