Banking & Finance

The African Development Bank has announced a $1 billion plan to boost wheat production in Africa to avert potential food shortages arising from Russia’s invasion of Ukraine. According to the head of the continent’s biggest multilateral lender, Akinwumi Adesina, AfDB  is raising the funds to help 40 million African farmers utilize …

Ololade Omosan-Agie President Muhammadu Buhari has approved the renewal of the appointment of Mr Olukayode Pitan as the Managing Director of the Bank of Industry for a final term of five years. In a statement issued on Tuesday by the Special Assistant on Media to the Minister of Industry, Trade …

The Central bank of Nigeria has introduced a cash collection centre to enable it reduce cost and improve operational efficiency in the country’s cash management value chain. The CBN said in a guideline released on Monday and seen by THE WHISTLER that the new cash centre would be known as …

Oluwasina Phillip The Ondo State Governor, Rotimi Akeredolu, SAN, has commissioned Jaiz Bank Branch in Akure, urging everyone to patronise the Bank as it’s meant for both Muslims and non-Muslims. He said the coming of the premier non-interest bank in Nigeria to Ondo would open the doors for all to …

Jaiz Bank Plc, the premier non-interest bank in Nigeria has opened a new branch in Abuja at the National Hajj Commission of Nigeria, bringing its branches at the Federal Capital Territory to seven (7) and total branches nationwide to 44. In his opening remarks at the unveiling of the Bank’s …

The Development Bank of Nigeria has disbursed over N98bn to female entrepreneurs in Nigeria as at February 2022. Managing Director of the bank, Mr Tony Okpanachi made this disclosure in Abuja when the bank celebrated the International Women’s Day. Okpanachi stated that gender equity is crucial to meeting development goals, reducing …

Ololade Omosan-Agie United Bank for Africa Plc said it recorded N153bn profit for the 2021 financial year ended December 31, 2021. This was disclosed in a statement, titled ‘UBA delivers N153bn profit, records 11 per cent balance sheet growth’, and filed by the bank with the Nigerian Exchange Group. The …

Oluwasina Phillip The International Monetary Fund says countries that have very close economic links with Ukraine and Russia are at particular risk of scarcity and supply disruptions. It added that poor households across the world would suffer from the increase in food and fuel prices, as the Ukraine-Russia war persists. …

Micheal Uche The Governor, Central Bank of Nigeria (CBN) has expressed satisfaction with the level interests in agriculture and tremendous impacts which the sector has recorded in the country in the last six years. Emefiele while addressing journalists during an inspection tour of the palm plantation at Odighi village in …

Oluwasina Phillip The African Development Bank President, Dr Akinwumi Adesina, has congratulated former President of Nigeria Olusegun Obasanjo on his 85th birthday. Adesina in a letter to Obasanjo, which he personally signed, described the former President as an inspiration to the younger generation. In the letter on Saturday, Adesina said …