” 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…
Pascal Gabriel Dozie ,the founder of the defunct Diamond Bank Plc and former Chairman of MTN Nigeria, has died at the age of 85. The family sources, said that he died in the early hours of Tuesday, April 8, 2025, just a day before his 86th birthday, after a battle with an age-related illness. Dozie…
“Concerning dormant accounts, what I found personally is if you leave accounts dormant in banks, they are more susceptible to fraudsters copying your identity and trying to gain hold of the system to grab your money. So, that is a problem I think most money banks face. “The policy and the directive are meant to…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, says that the country’s foreign reserves had exceeded $40 billion . Foreign reserves play a vital role in maintaining economic stability, supporting monetary policy, and ensuring a country’s ability to participate in international trade and finance. Governor Cardoso attributes the growth in the…
As Lagos gears up for the highly anticipated Access Bank Lagos City Marathon on Saturday, February 15, 2025, excitement and emotion run high. This year’s edition is much more than a race, it is a moving tribute to legacy and a celebration of resilience. Under the evocative theme “Miles to Memories,” every stride taken by…
