CBN Reduces Interest Rate By One Percent
BY SEYIFUNMI LUMEKO The Central Bank of Nigeria (CBN) has announced the reduction of interest rate from 12.5 per cent to 11.5% Incidentally, this is...
Category : Banks
FG Apologises For Demanding Financial Institutions’ Re-registration of Details
BY LEVI JOHNSON The Federal Government has regretted and apologised for the wrong tweet which demanded that all account holders in the country’s financial institutions...
First Bank CEO Adesola Adeduntan Wins Forbes Best of Africa Award
Dr Adesola Adeduntan, the Chief Executive Officer, First Bank of Nigeria Limited, has won the Forbes Best of Africa Award. The award presentation was held...
CBN Approves N200b Mortgage Finance Loan For Low-Income Earners
The Central Bank of Nigeria (CBN) has approved N200 billion as mortgage finance loan to Family Homes Fund (FHF) targeted at low-income earners. It made...
Access Bank Begins Loan Disbursement To Industries
Pharmaceutical and healthcare industries have begun receiving the disbursement of the credit support scheme from Access Bank PLC through the Central Bank of Nigeria (CBN). Access...
UBA Gets Six New Executive Officers For Its 20 Africa Subsidiaries
United Bank for Africa Plc (UBA) the leading pan-African financial services institution, has announced the appointments of Rokia Hacko, Chioma Mang, Chinedu Obeta, Bode Aregbesola,...
Orange Bank Africa Goes Live With Temenos SaaS
BY DAYO ADESULU Temenos (SIX: TEMN), the banking software company, said that Orange Bank Africa has gone live with cloud-native Temenos Transact delivered as SaaS....
AfDB Now Agrees On Independent Probe Of President Adesina
BY LEVI JOHNSON. The African Development Bank, AfDB, has eventually agreed to give an independent body a chance to probe into the allegation of preferential...
CBN Reduces Monetary Policy Rate To 12.5%
The Central Bank of Nigeria has reduced its Monetary Policy Rate (MPR), to 12.5 per cent. MPR is the instrument used by the Central Bank...
I Maintain My Innocence On Allegation, Remains AfDB President – Adesina
African Development Bank (AfDB) President Dr Akinwumi Adesina has not stepped down from office as being speculated, adding that he remains the President. In a...