CBN sanctions Fidelity, Union, 7 other banks for failing to dispense cash via ATMs
Omeiza Bilal The Central Bank of Nigeria (CBN) has sanctioned nine Deposit Money Banks (DMBs) for failing to make the...
Banking & Finance
Afreximbank, Ecobank partner to simplify trade compliance for African businesses
Benjamin Orisemeke African Export-Import Bank (Afreximbank) and Ecobank Group have embarked on a collaboration aimed at simplifying trade and compliance...
AfDB Group approves €139m loan to boost youth employment in Côte d’Ivoire
Benjamin Orisemeke The African Development Bank Group has approved loans totaling €139.68 million to support youth employment and entrepreneurship in...
PAFO, AfDB strengthen partnership to support small-scale farmers
The Pan African Farmers' Organization (PAFO) and the African Development Bank are strengthening their collaboration to enhance support for small-scale...
DMO auction sees Bond yield ascend to 16.7%
Agency Report The average yield on Federal Government of Nigeria (FGN) bonds increased slightly following soft but bearish trading activities...
Mauritania: AfDB grants $150m loan to boost mining sector
The Board of Directors of the African Development Bank Group has approved a $150 million senior loan to Mauritanian state-owned...
Equity market gains N259bn
Transactions on the floor of Nigerian Exchange on Wednesday closed northward, appreciating by N259 billion as bulls continue to dominate...
AfDB to provide $10m in Arm-Harith Investment Fund for sustainable infrastructure
Omeiza Bilal The Board of Directors of the African Development Bank Group has approved a $10 million concessional equity investment...
Global partners invest $45m to boost African vaccine production
Omeiza Bilal In significant efforts to strengthen public health and improve vaccine access in Africa, the U.S. International Development Finance...
CBN limits daily POS withdrawal to N100,000 per customer
Omeiza Bilal As part of new measures to advance the cashless policy in Nigeria, the Central Bank of Nigeria has...
