• 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…
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…
“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…
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….
” 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…
“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…
There’s a chip they are using to defraud customers, either from inside the bank or it’s planted with the POS machine.
The Bank of Agriculture (BoA) wants to raise N1.5 trillion (approximately $1 billion) in a major recapitalisation drive aimed at improving liquidity and expanding its lending capacity to the nation’s agricultural sector. In a statement, BoA Managing Director, Mr. Ayo Sotinrin, said the fund will be channeled towards financing key agricultural value chains, addressing infrastructure…
The Africa Export-Import Bank (Afreximbank) has disbursed $50 billion for the execution of various projects in Nigeria in the last 19 years. The President of the bank, Prof. Benedict Oramah, disclosed this during the recently commissioned Afreximbank Africa Trade Centre, AATC, in Abuja, where he also reaffirmed the Bank’s vision to dismantle trade barriers and…
Cover image: CBN Governor, Olayeni Cardoso The Central Bank of Nigeria (CBN) has called on local manufacturers and exporters to explore financing opportunities available through various government agencies as part of broader efforts to ease pressure on the naira and strengthen the country’s export base. Dr Aisha Olatiwon, the Director of Consumer Protection and Financial…
