Tuesday, March 28, 2017

Adeduntan To Replace Onasanya As First Bank Boss Effective January 2016

First Bank of Nigeria Limited has announced that its Chief Financial Officer and Executive Director, Dr. Adesola Adeduntan, would effective  January 1, 2016 replace Mr. Bisi Onasanya as the Group Managing Director and Chief...

Kenya’s I&M Holdings Plans To Buy Giro Commercial Bank

Kenya's I&M Holdings said it is planning to buy a locally-owned Giro Commercial Bank for an undisclosed amount. Reuters reports that I&M Holdings, which has stakes in banks in Kenya, Tanzania, Rwanda and Mauritius, plans...

CBN Set To Accommodate, Give Mobile Money License To Telecom Companies

The Central Bank of Nigeria (CBN) said it has to loosen its regulatory policy on mobile money to accommodate telecommunications companies in the country, reports Footprint to Africa. The apex bank said it has realised...

Cameroonian Mathieu Mandeng Transfers To Mauritius As New Standard Chartered Bank Managing Director

Mathieu Mandeng, Managing Director of Standard Chartered Bank Cameroon and President of Cameroon’s Professional Association of Credit Institution (APECCAM) is transferred as the new managing director to the Standard Chartered Bank subsidiary in Mauritius. The...

World Bank Board Approves U.S$80 Million To Fast Track Job Creation in Tanzania

The World Bank's Board of Executive Directors has approved a development policy credit of US$80 million towards improving Tanzania's private sector performance in order to fast track job creation in the country, Footprint to...

Pound Depreciation No Longer a Matter of Choice In Egypt- Investment Minister

"Depreciation of the Egyptian pound is no longer a matter of choice under the current local and international economic circumstances," Egyptian Investment Minister Ashraf Salman said during a Euromoney conference held in Cairo on...

Ghana Exim Bank To Sustain Manufacturing, Export Sectors

Mr Haruna Iddrisu, Minister of Employment and Labour Relations, has disclosed that the Ghana Exim Bank will soon be established to sustain both the manufacturing and export sectors. Iddrisu, made this disclosure while speaking at...

UBA Declares 40% Profit Rise, Records N167Bn Half Year Earnings

United Bank for Africa Plc, Pan-African financial services group, has declared that its audited 2015 half year financial results, showing 40% profits rise and N167billion half year earnings. In line with best practice in corporate governance,...

Fidelity Bank Nigeria Appoints Adepegba, Onyeali-Ikpe Executive Directors

Fidelity Bank Plc has confirmed the appointments of Mr. Adeyeye Olawale Adepegba as Executive Director, Corporate Bank and Mrs Nneka Chinwe Onyeali-Ikpe as Executive Director to the public and Nigerian Stock Exchange (NSE). Mr. Adeyeye...

Nigeria To Raise $4bn In Treasury Bills In Q4

Nigeria plans to borrow 814.78 billion naira ($4 billion) in Treasury bills between Sept. 17 to Dec. 3. Central Bank of Nigeria (CBN) who announced the plan said it would auction 215.14 billion naira worth...