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...
Category : Banks
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...
COVID-19 Outbreak Is An Additional Test To Banks’ Resilience – IMF
The International Monetary Fund (IMF) has stated that the COVID-19 pandemic is an additional test to banks’ resilience, stressing that profitability pressures were likely to...
Global Banks Will Struggle To Survive For 5-Years After COVID-19 – IMF
The International Monetary Fund (IMF) hand warned banks to prepare for the worst economy ever, adding that banks would struggle in the next five years...
Global Finance Names Ecobank Most Innovative Bank In Africa
Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global Finance annual awards, the Innovators...
We Had No Plans To Sack 75% Staff, Close 300 Branches Nationwide – Access Bank
Authorities of Access Bank Plc has on Monday stated that the bank had no intension to sack 75 per cent of its workforce and close...
Access Bank Assures Staff Of Job Security With Salary Slash – GMD Wigwe
BY DAYO ADESULU Group Managing Director, Access Bank, Herbert Wigwe has guaranteed job security to the company’s 30,000 employees, but not without a 40 per...
CBN Reserves $100m Weekly Dollar Sales For SMEs and Foreign Students
BY LEVI JOHNSON Parents whose children are schooling oversea are now free to purchase dollars as the Central Bank of Nigeria (CBN) says it has...
GTBank Maintains Steady Growth, Posts N58.2b Profit In Q1
BY LEVI JOHNSON The first quarter with a pre-tax profit of Guaranty Trust Bank (GTBank) Plc rose to N58.2 billion within the three-month period across...