BANKING

October 22, 2019

NDIC: Savannah Bank Remains Licenced to Operate

The Nigeria Deposit Insurance Corporation (NDIC) has insisted that the defunct Savannah Bank remains a bank with operational licence even though it is currently not in operation.

The"...

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October 21, 2019

AfDB Advocates Unlocking of $1.8tn AUM for Investment

The President of the Africa Development Bank (AfDB), Dr. Akinwunmi Adesina, has stressed the need to mobilise mutual funds and other Assets Under Management (AUM) in the continent put at $1.8 trillion, to drive Africa’s development.

He"...

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October 16, 2019

FSL Offers N100bn Project Funding Support to Imo Govt

A Nigerian Investment Bank, FSL Securities Limited has offered to assist Imo State Government in raising about N100 billion for infrastructural development to the state. The group made the disclosure during a meeting with the Deputy Governor of Imo State, Engr. Gerald Irona at the Government"...

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October 16, 2019

Bank of America Reports Third-Quarter 2019 Financial Results

Bank of America reported its third-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia."...

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October 14, 2019

HCS head calls on CBL to criminalize dealing with the Russian-printed currency

President of the High Council of State, Khalid Al-Mishri has called on the Governor of the Central Bank of Libya (CBL) Saddek Elkaber to make it anoffence to deal with the Russian printed currency and take all possible measures to prevent its circulation.

"...

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October 13, 2019

Libya's Central Bank: State revenue reached 41.5 billion dinars so far in 2019

The Central Bank of Libya (CBL) said the Libyan state revenue of the last three quarters of 2019 amounted to 24.5 billion dinars plus 16.9 billion dinars as fees on dollar purchase transactions.

The CBL said in"...

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October 10, 2019

Access Bank Partners NB to Unveil ‘Access the Stars’

Access Bank Plc and Nigerian Breweries (NB) have gone into collaboration to create ‘Access the stars.’

The initiative is a platform aimed at promoting and supporting music talent across Nigeria, through"...

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October 9, 2019

Firstbank Marks Customer Service Week

First Bank of Nigeria Limited has joined the rest of the world to celebrate the 2019 Customer Service Week with the theme: “The Magic of Service.’

The weeklong event is to be celebrated from 7 –"...

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October 2, 2019

World Bank supports Djibouti's investment in new Education project

The World Bank has announced new support for Djibouti’s efforts to expand access to quality education for 35,000 children composed of young girls, poor and rural students, out-of-school children, disabled students, and refugees along with children in the communities that host them."...

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October 2, 2019

Revolut Chooses Visa as Lead Issuing Partner to Drive Rapid Global Expansion

Visa (NYSE:V) and Revolut, the leading fintech in Europe, today announced a new agreement that will help Revolut expand its business globally. Leveraging Visa’s brand, scale and global acceptance footprint, Revolut will be able to bring its product offerings to five new regions, reaching 24 new markets, for a total of 56 markets globally. Under the terms of the agreement, Revolut will primarily issue Visa-branded cards in the global expansion. Revolut offers consumers a range of digital financial services via a mobile application, including currency exchange, budgeting and person-to-person (P2P) payments, all linked to a Visa card. Building......

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