The Central Bank of Nigeria (CBN) has released a draft document to modernise how banks and other financial institutions fight money laundering. In a circular dated May 20, 2025, the …
Financial Institutions
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Banking, Finance & InvestmentCyber securityDigital EconomyFinance & ServicesNigeriaTechnology
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Banking, Finance & InvestmentEconomyFinance & ServicesGhanaInternational RelationsPoliciesWestern Africa
Ghana and Afreximbank Clash Over $768 Million Debt Restructuring
Ghana is currently embroiled in a significant dispute with the African Export-Import Bank (Afreximbank) concerning the restructuring of a $768.4 million debt. This disagreement has emerged as a critical issue …
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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 …
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AfricaAFRICA NEWSAviationBusinessBusiness and EconomyFinance & ServicesNigeriaWestern Africa
AMCON Moves to Recover Alleged N455bn Debt from Arik Air
The Asset Management Corporation of Nigeria (AMCON) has renewed its battle to recover a staggering N455 billion debt allegedly owed by Arik Air, one of Nigeria’s formerly leading domestic carriers. …
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Banking, Finance & InvestmentFinance & ServicesGOVERNMENTINVESTMENTMarketsNigeria
CBN Approves Greenwich Trust Limited’s Transition to Holding Company Structure
The Central Bank of Nigeria (CBN) has officially approved Greenwich Trust Limited’s transformation into a holding company structure, now operating under the name Greenwich Holdings Limited. This approval marks a …