BUSINESS

Nairobi, Kenya – Africa’s Fulfillment and Logistics enabler Sendy has on Wednesday, November 9, 2022 announced funding from MOL PLUS Co., Ltd. which is the Corporate Venture Capital of Mitsui O.S.K. Lines, Ltd. (MOL). MOL PLUS, a subsidiary of Mitsui O.S.K. Lines has joined existing Sendy investors as part of …

ABUJA – President Muhammadu Buhari has congratulated the Board, Management, and Staff of First Bank of Nigeria Limited (FirstBank) for cross-border services through FBNBank UK in the United Kingdom for 40 years, sharing almost 130 years of banking experience. In a statement signed by the Special Adviser to the President …

NEW-YORK – Sequel to the just concluded extraordinary meeting held in Washington DC on Wednesday, November 2, 2022 between the United States Federal Reserve Bank, Office of the Comptroller of Currency, IMF, World-Bank and Governors of Africa’s Central Banks, the United States government has set date for restriction on acceptable …

ABUJA – THE Central Bank of Nigeria (CBN) has directed all Banks in the country that individuals can only deposit N5 million for a new account and N50 million for an old account in one month. The directive, which was issued by CBN Director of Currency, Ahmed B. Umar, was …

LAGOS – We are going through interesting times in the country today. Nigeria is a country blessed with a lot of potentials but it seems to struggle. The suboptimal developmental realities have put many Nigerians under a little more-than-normal pressure economically. The high unemployment rate, high-interest rate, poor access to …

KADUNA – Kaduna was agog with excitement as this year’s First Bank of Nigeria Limited sponsored Emir of Zazzau African Patrons Cup and Breast Cancer Awareness Campaign started on November 1, 2022. The African Patrons cup is an annual polo tournament which features Low, Medium and High goal teams from …

JEDDAH, Kingdom of Saudi Arabia, November 2, 2022/APO Group – The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org/), the insurance arm of the Islamic Development Bank (IsDB) Group, in cooperation with Commercial International Bank (CIB), Egypt’s largest and leading private sector Bank, is organising an …

LAGOS, Nigeria – In line with its mission to empower Africans with the payment solutions they need to thrive in a digital community, HabariPay has partnered with Google Hustle Academy to train targeted MSMEs on digital payment solutions. The Hustle Academy seeks to provide MSMEs across Kenya, Nigeria, Ghana, and …

LAGOS – Ratings agency – Agusto & Co. has upgraded Wema Bank Funding SPV Plc’s (‘’the Issuer’’ or ‘’the SVP’’) Series II Bond (‘‘the Issue’’ or ‘’the Bond’’) to ‘Bbb+’, with a stable outlook, from the previous ‘Bbb’ score. The Issuer is a Special Purpose Vehicle (SPV) set up by …

Says, “People With Illicit Money Buried Under Soil Will Have A Challenge” ABUJA – President Muhammadu Buhari has said that the CBN has his support to launch new designs and replace high value naira notes. The president’s media aide, Garba Shehu stated this in Abuja on Sunday, October 30, 2022 …