In a bid to strengthen Intra-African trade presence, Access Bank PLC has taken a strategic step in expanding its footprint across Southern Africa by securing a provisional licence to establish a commercial bank in Namibia. This development, announced in a statement signed by the bank’s Head of Media Relations, Olakunle Aderinokun, signals Access Bank’s ambition…
Barbara Bako, Abuja. The Federal Government has referred to the Development Bank of Nigeria’s (DBN) accomplishments in financing Micro, Small, and Medium-Sized Enterprises (MSMEs) as extensive. The Vice President, Kashim Shettima gave the commendation on Wednesday at the DBN 5th annual lecture with the theme: “Surviving To Thrive: MSMEs As The Key To Unlocking Inclusive…
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has announced an increase in Monitory Policy Rate by 50 basis points which raises the percentage from 26.75 percent to 27.25 percent. The Central Bank Governor, Mr. Olayemi Cardoso made this announcement on Tuesday after the two day Monetary Policy Committee (MPC) meeting in Abuja. This…
Barbara Bako, Abuja. Jaiz Bank, the First Non-Interest bank in Nigeria has been named the Most Promising Islamic Bank in the World for 2024. Jaiz Bank was named the overall winner in this category by the Global Islamic Finance Awards (GIFA) on Saturday, defeating two other nominees of equal pedigrees, during the Global Islamic Finance…
Barbara Bako, Abuja. The Development Bank of Nigeria has once again recognised its Participating Financial Institutions (PFIs) with various categories of awards at its 4th DBN Annual Service Ambassadors Award ceremony for their sterling contributions to facilitating access to financing to Micro, Small and medium-scale enterprises in Nigeria. The Managing Director of DBN, Dr. Tony…
Barbara Bako, Abuja. The Development Bank of Nigeria (DBN) has made available the qualifying requirements for the start of its renowned Annual DBN Entrepreneurship Training Programme (DBNETP) for Micro, Small, and Medium-Sized Enterprises (MSMEs) in Nigeria in 2024. Relying on partnerships and the DBN Learning Management System (LMS), the annual DBNETP is in its sixth…
Barbara Bako, Abuja. In order to further demonstrate its dedication to promoting accountability and openness in the Nigerian economy, the Central Bank of Nigeria (CBN) has resumed publishing a number of key economic reports. In a statement signed by the Ag. Director, Corporate Communications of the apex bank Mrs. Hakama Sidi Ali on Tuesday, outlined…
The Central Bank of Nigeria (CBN) has granted financial support for the proposed merger between Unity Bank Plc and Providus Bank Limited. The apex bank, through a statement by acting Director of Corporate Communications Hakama Sidi-Ali, announced that the decision aims to enhance the stability of the nation’s financial system and prevent potential systemic risks….
Barbara Bako, Abuja. Asset Management Corporation of Nigeria (AMCON) has declared a remarkable triple-digit growth of 202% from NGN34.730 billion in the previous year to NGN108.433 billion in 2023. This was contained in a press statement signed by Mr. Jude Nwauzor, Head Corporate Communications Department of the debt recovery agency of the Federal Government on…
Barbara Bako, Abuja The Nigerian Deposit Insurance Corporation has vowed to recover over N700 billion loan owed by debtors of the now liquidated Heritage Bank. The Managing Director of the Corporation Bello Hassan, stated this at a press conference on Wednesday in Abuja. Hassan assured customers of the bank that if the N700bn loan is…
