Allianz launches operations in Morocco
Not too long after insurance giants RSA and Aon announced their expansion moves in Africa, another industry heavyweight has increased its presence on the continent. Major insurer Allianz has...
View ArticleFitch affirms ratings of 3 UBA subsidiaries at B-Outlook Stable
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDR) of United Bank for Africa Cameroon (UBA CAM), United Bank for Africa Senegal (UBA SEN) and United Bank for Africa Ghana (UBA Ghana)...
View ArticleSkip the Black Market Rates! Buy FX at Union Bank!
You can now purchase foreign exchange (FX) at select Union Bank branches. To apply for Personal Travel Allowance (PTA): · You must be at least 18 years old · You must have a Nigerian...
View ArticleCBN introduces new charges on cash deposits, withdrawals
The apex bank, the Central Bank of Nigeria (CBN) on Thursday reintroduced charges on cash deposits and withdrawals. This is contained in a circular sgined by Dipo Fatokun, director, Banking &...
View ArticleSouth Africa’s Liberty to buy 75% stake in Nigeria’s UNIC insurance for $12m
South Africa’s Liberty Holdings will acquire a 75 percent stake in a Nigerian long-term insurer, UNIC Insurance Plc for 160 million rand ($12 million), the company said on Friday, pursuing its...
View ArticleN20b Green Bond: 44 varsities, Communities to benefit
Babatunde Fashola, Honourable Minister of Power, Works and Housing; Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); His Excellency, Prof Yemi Osinbajo, Acting President of The...
View ArticleSEC lifts suspension on Northbridge Investment & Trust
The Nigeria’s Securities and Exchange Commission (“SEC”) said it has lifted the suspension placed of Northbridge Investment & Trust Limited together with its Directors and Sponsored Individuals....
View ArticleAssociations Launch Code To Boost Consumer Confidence In Insurance, Takaful...
The Code of Practice on Personal Data Protection Act (PDPA), launched, is expected to further boost the consumer confidence in the integrity of the insurance and takaful industry. The code is an...
View ArticleAirtel Payments Bank plans to partner NBFCs, insurance companies
Airtel Payments Bank plans to tie up with insurance companies and non-banking financial companies (NBFCs) in the future to offer insurance and credit facilities, a company official said on Thursday....
View ArticleBarclays PLC and Barclays Africa Agree Separation Terms
Barclays Africa Group today announced that it has agreed terms for operational separation with UK-based Barclays PLC, which is reducing its shareholding in Barclays Africa. The agreement is expected to...
View ArticleAfDB to open field offices in Benin, Guinea and Niger
Benin, Guinea and Niger will benefit significantly from the development support provided by the African Development Bank Group (AfDB) following the Board’s approval to open offices in the three...
View ArticleNigeria interbank rate sinks as budget cash disbursal awaited
Nigeria’s overnight lending rate plummeted to around 15 percent on the interbank market on Friday from around 133 percent the previous day, as the market anticipated the injection of budgetary...
View ArticleLASG canvasses increased attention for manufacturing sector
Lagos State Government has called for increased attention for Nigeria’s manufacturing sector, in view of its potentials to contribute 50 per cent of the country’s Gross Domestic Product, GDP....
View ArticleGhana: Tigo & Airtel complete merger talks
Telecom operators; Airtel and Tigo, have completed merger talks to make the two companies one entity in Ghana. The talks which commenced last year were finalized early this year-2017, with persons...
View ArticleBuhari calls Adesina
At exactly 2.43 p.m today, Saturday, February 25, 2017, my phone rang. Who was at the other end? Tunde Sabiu, Personal Assistant to President Muhammadu Buhari. “Hold on for Mr President,” Tunde said....
View ArticleLinkage Assurance hosts NCRIB Members’ Evening
Dr. Pius Apere, MD/CEO Linkage Assurance Plc Linkage Assurance Plc will be hosting over 500 Managing Directors of Insurance Brokering firms and other stakeholders in Nigeria Insurance Industry...
View ArticleKengen to Sell 5% Stake to South African Pension Fund
Kenya’s power producer KenGen will sell a 5.3 per cent stake to the South African Government Employees Pension Fund for $23 million. KenGen says it has entered into an agreement with the Public...
View ArticleEcobank Explains Innovative E-Payment Channels
The Deputy Managing Director, Ecobank Nigeria, Tony Okpanachi, has said the introduction of various innovative electronic payment platforms by the bank is in line with its deliberate policy to provide...
View ArticleFirstBank Showcases Digital Experience at the Social Media Week 2017
First Bank of Nigeria Limited, Nigeria’s most valuable banking brand will be showcasing its digital offerings at the 2017 Social Media Week 2017 in line with its digital transformation strategy. The...
View ArticleSEC Seals up Yuan Dong (YDEC)
In furtherance of its determination to protect investors and ensure that illegal operators are not allowed to operate in Nigeria’s capital market, the Securities and Exchange Commission, Nigeria (SEC)...
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