Category: Financial

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CBN Issues Guidance Note To Banks On IFRS 9 Implementation

CBN Issues Guidance Note To Banks On IFRS 9 Implementation

The Central Bank of Nigeria (CBN) has issued an initial Guidance Note on the implementation of International Financial Reporting Standard 9 (IFRS)...
FBN Capital wins investment banking award

FBN Capital wins investment banking award

FBN Capital Limited, the Investment Banking and Asset Management business of FBN Holdings Plc, has received the ‘Best Local Investment Bank in Nig...
AfDB approves €769.78m to improve urban transport in Abidjan

AfDB approves €769.78m to improve urban transport in Abidjan

The Board of Directors of the African Development Bank Group (AfDB) has approved a loan of 769.78 million euros to Côte d'Ivoire aimed at sign...
Standard Bank seeks to stop Zuma from intervening in Gupta case

Standard Bank seeks to stop Zuma from intervening in Gupta case

Standard Bank Group Ltd. asked South Africa’s High Court to prevent President Jacob Zuma and his ministers from intervening in its decision to clo...
CBK ignored whistle-blower’s report, ex-IBL directors charge – Kenya

CBK ignored whistle-blower’s report, ex-IBL directors charge – Kenya

Former Central Bank of Kenya governor Prof Njuguna Ndung'u. Photo/ file Former Central Bank of Kenya governor Prof Njuguna Ndung'u. Photo/ file...
$30bn loan: Sanusi hits Buhari’s govt, says FG lacks right policies

$30bn loan: Sanusi hits Buhari’s govt, says FG lacks right policies

The Emir of Kano, Alhaji Sanusi Lamido Sanusi, on Friday in Abuja described President Muhammadu Buhari‘s administration as lacking the right polic...
Fear of BVN: Corrupt Nigerians Abandon Billions in Banks

Fear of BVN: Corrupt Nigerians Abandon Billions in Banks

Bank Verification Number (BVN) policy introduced by the Central Bank of Nigeria (CBN) may have revealed over one million bank accounts that have b...
Still On Buhari’s Request For $29.9bn Loan

Still On Buhari’s Request For $29.9bn Loan

The controversy over the request by President Muhammadu Buhari for legislative approval to acquire a foreign loan of $29.9 billion has continued t...
Naira appreciates at interbank market

Naira appreciates at interbank market

The Naira on Monday gained 50k to exchange at N305.00 to a dollar at the interbank market. The Nigerian currency had closed at N305.50 for most...
Sun International to Exit Nigeria Amid Falling Occupancy

Sun International to Exit Nigeria Amid Falling Occupancy

Sun International Ltd. plans to exit Nigeria after the South African casino and hotel operator’s earnings in the country plunged amid a weakening econ...
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