PoS operators worrying about New CBN policy
The CBN announced that implementation of the new agent location and exclusivity rules would begin on April 1, 2026.
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BOI Launches N2b Special Loan Scheme for NYSC members
The BOI’s Managing Director, Dr Olasupo Olusi, said that the initiative, would enable serving corps members to access up to N5 million each at a single-digit interest rate of nine percent per annum, repayable over three years, with a three-month moratorium on both principal and interest.
Bankers Committee Spends N68bn on National Theater’s Renovation – Cardoso
Cardoso made the disclosure on the occasion of the renaming of the edifice The Wole Soyinka Centre for Culture and the Creative Arts, by President Bola Tinubu, as parts of events to mark Nigeria’s 65th independent anniversary, yesterday.
UBA Lending Business Owners N5bn BoI MSME fund at 9% Interest Rate
I urge eligible businesses to visit any UBA branch or the bank’s official website to begin their application process right away.
Afreximbank Lends Dangote US$1.35 Billion to Keep Refineries Running
• Aliko Dangote and Benedict Oramah. Professor Benedict Oramah, President & Chairman of the Board of Directors at Afreximbank (African Export-Import Bank), says that the bank has raised a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL) for refinancing the Dangote Petroleum Refinery and Petrochemicals Complex. The facility is part of an…
Afreximbank appoints George Elombi new President
Image credit: Afreximbank ‘He succeeds Benedict Oramah, a professor, who has served as President and Chairman of the Board of Directors since 2015, and who will be stepping down in September.” The shareholders of the African Export-Import Bank (Afreximbank) have appointed George Elombi as the next President and Chairman of the Board of Directors of…
Sterling Bank Opens Nomination for N2bn Private University Scholarships
“It is open to young Nigerians from all 36 states and the FCT, with a merit-based and inclusive admissions process.“ NOMINATIONS are now opened for the Sterling Bank’s ₦2 billion fully-funded private university scholarships for young Nigerians. In a statement, Abubakar Suleiman, Chief Executive of Sterling Bank, said: “While others talk about Nigeria’s potential, we…
Ghana Cedis Comeback: Lessons for Naira
The Ghanaian cedi recently experienced a significant GHS16 to GHS10 appreciation against the US dollar. Bloomberg reported that the cedi has appreciated nearly 16 percent against the US dollar since the start of April 2025. This marks a remarkable turnaround from its previous status as one of the worst-performing currencies in Sub-Saharan Africa in 2024….
Sidi Ould Tah elected ninth president of AfDB
” Tah will assume office on 1 September 2025, for a five-year term, following the end of the second mandate of current President, Dr. Akinwumi Adesina.” Sidi Ould Tah of Mauritania was today elected President of the African Development Bank Group at the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire. Tah was elected by…
Banks: EFCC Boss Says Rogue Staffs Aiding Cyber Attacks on Customers’ Funds
“He said that compromised bank employees have played a crucial role in granting unauthorized access to hackers operating from countries including the United States and Eastern Europe.“ The Chairman of the Economic and Financial Crimes Commission (EFCC), Barrister Olanipekun Olukoyede, has raised concerns over a wave of sophisticated cyber attacks targeting Nigerian banks, revealing that…