The Central Bank of Nigeria has suspended settlement banking to all the clearing sessions with effective from January 2, 2018
Banking
African Development Bank to raise USD8bn from capital markets in 2018
The Board of Directors of the African Development Bank has approved the Bank’s 2018 borrowing program for USD 8 billion to be raised from capital markets.
Sustainable Energy: AfDB Approves US$20M Support to Evolution Fund II
The Board of Directors of the African Development Bank on December 15 approved an investment of US $20 million in support to the Evolution II Fund
ANC Supports Proposal On State Ownership of Central Bank
South Africa’s ruling party, the African National Congress (ANC), has accepted a proposal that the central bank should be wholly state-owned
AfDB Tasks African Leaders On Reconstruction Of Rural Areas
The African Development Bank (AfDB) has called on African countries’ leaders on the need to reconstruct rural areas from zones of economic misery
ITFC Supports Gambia’s Agric With $17.5M Syndicated Murabaha Financing
The International Islamic Trade Finance Corporation (ITFC) has signed a syndicated Murabaha financing Agreement totalling US$ 17.5 million with the Government of The Gambia.
Retired Civil Servant Wins N1m In Skye Bank Reward Promo
An ex-staff of defunct Power Holding Company of Nigeria (PHCN), Bello Sarafa, has emerged a new millionaire in the on-going Skye Bank ‘Reach for the Skye Millionaire Reward’ draw
Heritage Bank Bags CBN’s Sustainable Banking Award In Agric
Heritage Bank Plc has bagged the inaugural Nigeria Sustainable Banking Award initiated by the Central Bank of Nigeria (CBN)
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Russia Hit By $3.4bn Promsvyazbank Bailout In Latest Bank Blow
Russia’s central bank may have to sink up to $3.4 billion into its bailout intervention today of Promsvyazbank, the country’s 10th largest private lender, the third such rescue this year.