Photo: Dr Adaora Umeoji, GMD of Zenith Bank. Zenith Bank Plc said that it will officially open its Côte d’Ivoire branch tomorrow Wednesday, April 29, 2026. The new subsidiary is positioned to support cross-border trade and investment, with a focus on corporate banking, trade finance, local and offshore banking services, and structured financial solutions for…
The Central Bank of Nigeria (CBN) has mandated commercial and merchant banks to increased the fee for issuance and replacement of Automated Terminal Machine (ATM) debit/ credit cards by 50 percent to N1,500 from N1,000. The apex bank gave the directive on Thursday in a circular to Banks, Other Financial Institutions and the Public signed…
Zedvance plans to disburse ₦250 billion in commercial funding in 2026 alone, following strong performance from its Commercial Solutions business, which has already deployed over ₦96 billion since 2025.
The Central Bank of Nigeria on Friday announced the introduction of the Nigerian Overnight Financing Rate (NOFR) as a new benchmark for the country’s money market, aimed at improving transparency and strengthening monetary policy transmission. The disclosure was contained in a press statement issued by the CBN’s Acting Director of Corporate Communications, Hakama Sidi-Ali. According…
The Board of Directors of African Export-Import Bank (Afreximbank) has approved a US$10 billion Gulf Crisis Response Programme (GCRP) facility to help African and Caribbean economies to counter the severe economic shocks triggered by the escalating conflict in the Middle East. Dr. George Elombi, President and Chairman of the Board of Directors at Afreximbank, announced…
Photo from left: Governor, Central Bank of Egypt and Board Member, Afreximbank, Hassan Elsayed Hassan Abdalla; President and Chairman of the Board of Directors, Afreximbank, Dr George Elombi; President/Chief Executive, Dangote Industries Limited, Aliko Dangote; and former President and Chairman of the Board of Directors, Afreximbank, Prof Benedict Oramah. ” African Export-Import Bank has committed…
OPay has officially launched its new office in Jos, Plateau State. Speaking at the event, OPay’s Chief Operations and Technology Officer, Dotun Adekunle, said that the new Jos office reflects OPay’s continued commitment to putting customers first and advancing financial inclusion across Nigeria. He said :” Our customers are at the center of everything we do….
The Chartered Institute of Bankers of Nigeria, (CIBN) has elected Dele Alabi, as the 24th President and Chairman of Council. The election took place during the Institute’s Annual General Meeting on Saturday in Lagos. In his acceptance speech , Alabi emphasised that the mandate was not merely a personal milestone but a collective responsibility that…
• Ademola Akogun Zedcrest Group, a leading financial services company, has taken a significant step in its strategic expansion with its Board’s approval of Ademola Akogun’s appointment as Managing Director, Investment Banking. This milestone follows the successful acquisition of the company’s Issuing House license, marking a pivotal expansion of its capabilities. With this, Zedcrest is…
A breakdown of the financing showed that N202 billion was allocated to agro-allied enterprises, while N100 billion went to critical national infrastructure, including broadband, power, aviation and transportation.
Manufacturing received N79 billion, extractive industries N77 billion and services N55 billion.
