Lecturers at Nnamdi Azikiwe University (UNIZIK), Awka, have embarked on an indefinite strike over the non-payment of their full August 2026 salaries. ASUU Orders Immediate Suspension of Work The university’s …
Category:
Finance
The Nigerian Education Loan Fund (NELFUND) has not yet started recovering loans from beneficiaries, even as its monthly upkeep payments have risen to about ₦16bn. NELFUND Managing Director, Akintunde Sawyerr, …
- 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 …
- 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 …
- 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, …
- 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 …
- BusinessBusiness InsightsCapital MarketFinanceINVESTMENTWestern Africa
Strong Shareholder Confidence Pushes Presco Rights Issue to 103%
by Radarr Adminby Radarr AdminPresco Plc has successfully completed its recent rights issue, recording a strong subscription level of 103 per cent, a development that points to growing confidence among shareholders in the company’s …
- 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 …
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 …
- BankingCorporate NewsFinanceFinance & ServicesRegulationTechnology
NDIC, NIBSS Move to Strengthen Faster Depositor Reimbursement Through New Digital Partnership
The Nigeria Deposit Insurance Corporation and the Nigeria Inter-Bank Settlement System Plc are set to formalise a stronger collaboration through the signing of a Memorandum of Understanding aimed at improving …
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