Finance

Akinwumi Adesina, president, African Development Bank (AfDB), says the bank will support women-led businesses with $500 million this year. Adesina in a statement he posted on his verified Twitter handle, @akin_adesina, added that with the…

Nothing gladdens a shareholder like a good return on investments and the atmosphere could be ecstatic when an unexpected happens. This is the current state of the shareholders of Wema Bank who, some years back, could not have expected the…

Total customer deposits in 11 Nigerian banks rose to N41.18 trillion at the end of the first quarter of this year from N39.48 trillion in December 2021, their unaudited financial statements have shown. The increase represents 4.31 per…

Africa Finance Corporation (AFC) has launched a $2billion facility to support recovery and resilience in Nigeria and other African countries in response to economic challenges created by the COVID-19 global pandemic and the…

The Governor, of the Central Bank of Nigeria (CBN), Godwin Emefiele, is optimistic that the Bank will soon achieve the 85 per cent financial inclusion rate target from its current rate of about 70 per cent.   Emefiele spoke at a meeting…

  The Governor, of the Central Bank of Nigeria (CBN), Godwin Emefiele, is optimistic that the Bank will soon achieve the 85 per cent financial inclusion rate target from its current rate of about 70 per cent.  Emefiele spoke at a…

Amid difficulties in the business environment in the country, Nigerian startups raised a total of $559.85 million, accounting for 35.2 per cent of the total $1.589 billion raised by African startups, and topping funding to the…

 Access Bank Plc has promoted 800 employees after a transparent and robust performance management review in line with global best practices. This announcement comes as the financial giant shores up its transition to a Holding…

The Central Bank of Nigeria (CBN) has granted a super agent license status to one of the subsidiaries of Airtel Africa Plc, Airtel Mobile Commerce Nigeria Limited.  The super agent license which is different from the payment service…

To realise Nigeria’s quest to earn the needed foreign exchange, diversify its economy and make locally-produced goods competitive, globally, Polaris Bank has commenced a nationwide business forum to sensitize exporters on inherent…