IMF Says 83 countries benefit from $165bn loans in 2020 The International Monetary Fund (IMF), says it loaned 83 countries the sum of $165 billion dollars, including $16.1 billion dollars in concessional financing to 49 low-income countries in FY2020. The...

Buhari Assents to BOFID Act 2020 President Muhammadu Buhari has assented to the Banks and Other Financial Institutions Act 2020. It repeals the extant Banks and Other Financial Institutions Act 1991 as amended. This monumental piece of legislation is expected to...

FG To Access World Bank Facility of $750m for States As part of windows of opportunity to mitigate the effect of Covid-19, the federal government is in the process of accessing a World Bank loan of $750 million on behalf...

Afreximbank, others inaugurate $1.5 bn facility to tackle African COVID-19 Impact  The African Export-Import Bank (Afreximbank) has inaugurated a 1.5 billion dollar collaborative COVID-19 Pandemic Response Facility (COPREFA) to support African economies with rapid financial assistance to reduce the impact of COVID-19. Afreximbank...

Jaiz bank grows Q3 profit by 48% Jaiz Bank Plc, Nigeria’s premier non-interest bank has recorded another impressive performance in the 3rd quarter of 2020. The Bank’s 3rd quarter results ended September 30, 2020, which was submitted to the Nigerian Stock...

PIB Empowers Minister to revoke licences of oil firms over neglect of host communities The new Petroleum Industry Bill (PIB) before the National Assembly is proposing the revocation of licences for oil and gas companies who neglect their obligations...