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Saturday, January 23, 2021
Nigeria's Minister of Finance, Budget and National Planning, Zainab Ahmed; Access Bank’s Group Chief Executive Officer, Herbert Wigwe; Governor, Central Bank of Seychelles, Caroline Abel; former Chief Executive Officer of Agusto & Co., Vivien Shobo; among others have emerged winners of the 2020 Edition of the African Banker Awards...
Incumbent President of the African Development Bank, Akinwumi Adesina, is set to be re-elected for the second term in office as the multilateral development institution, for the first time in the history, holds its Annual Meetings virtually to comply with the novel Coronavirus (COVID-19) pandemic-related social-distancing guidelines. Adesina is running...
A Central Bank of Nigeria (CBN) data has revealed that the naira has fallen by 108 per cent against the West African CFA (popularly known as CFA). As the West African CFA rallies to wipe out the hitherto wide trading gap between the two currencies, it gained 36 kobo from...
The Central Bank of Nigeria (CBN) for the first time last week sold the pound above N500, as naira continues to battle major headwinds. On Wednesday, the nation’s apex bank sold a pound for N501.98 and quoted N500.659 as its buying rate. At the parallel market, the currency is going for...
African Trade Insurance Agency (ATI) has confirmed key senior-level positions that would play an important role in steering critical support to member governments. The appointments, which were approved by the Board of Directors, included a veteran of the World Bank’s IFC, Manuel Moses, who has been appointed as the new...
President Muhammadu Buhari has warmly felicitated with former Chairman of Nigerian Economic Summit Group (NESG), Sam Ohuabunwa, on his 70th birthday on August 16, joining friends and family members to celebrate the visionary leader, whose competence and influence have greatly impacted on the Nigerian economy and beyond. Buhari congratulated Ohuabunwa,...
New Partnership for Africa's Development (NEPAD), a socio-economic flagship programme of the African Union Development Agency (AUDA), otherwise called AUDA-NEPAD, has launched the Micro, Small and Medium Enterprises (MSME) Academy, in partnership with Ecobank Group. Spearheaded under AUDA-NEPAD '100,000 MSMEs by 2021' (100K MSMEs) programme for Africa’s Micro, Small and...
President Muhammadu Buhari Friday in Abuja assented to the Companies and Allied Matters Bill, 2020 recently passed by the National Assembly. The President’s action on this important piece of legislation, therefore, repealed and replaced the extant Companies and Allied Matters Act, 1990, introducing after 30 years, several corporate legal innovations...
A pan-African investment company, Heirs Holdings, has announced the appointment of Dan Okeke as the Group Executive Director with effect from August 1. Okeke has had a distinguished three-decade career at the United Bank for Africa Plc (UBA), where he recently served as an Executive Director in charge of leading...
The management of Bristow Helicopters Limited has terminated the appointment of no fewer than 100 pilots. Bristow Helicopters, in a statement on Tuesday, said those sacked comprised both Nigerian nationals and expatriates working with the company. It explained that the decision to sack the pilots was due to the severe impact...