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Okowa congratulates Emefiele on reappointment as CBN governor

Delta State Governor, Senator Ifeanyi Okowa, has congratulated the Governor of the Central Bank of Nigeria, (CBN), Mr. Godwin Emefiele, on his reappointment for another term in office. In a congratulatory message issued in Asaba, by his Chief Press Secretary, Mr. Charles Aniagwu, Governor Okowa extolled the leadership qualities and astute contributions of Mr. Emefiele

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Davis Malpass emerges president of World Bank

The Executive Directors of the World Bank on Friday unanimously selected David Malpass as the new president of the World Bank Group. Mr Malpass’ five-year term will begin on April 9. A statement by the group said the Board expressed its deep gratitude to Interim President, Kristalina Georgieva, for her dedication and leadership in recent months. The

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N8.7bn debt: Innoson Motors to take over GTBank

Innoson Nigeria Limited, Nigeria’s indigenous vehicle production company, has instituted a move to take over Guaranteed Trust Bank, GTB, following a ruling by the Supreme Court over the bank’s N8.7 billion indebtedness to the company. The company’s chairman, Chief Dr Innocent Chukwuma, made the move through a “Writ of FiFa taken over Guaranty Trust Bank

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AfDB partners Sophia university on capacity building

The African Development Bank (AfDB) and Sophia University in Japan, have signed a Memorandum of Understanding, MoU to promote capacity development within the two institutions for their mutual benefit and the entire African continent. “It is our sincere wish that this day will be an opening of bright future possibilities for

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Forex Intervention: CBN injects 268.4m, CNY 46.3m into Retail SMIS

F Oru Leonard The Central Bank of Nigeria (CBN) on Friday, February 22, 2019, made an intervention of $268.4million in the retail Secondary Market Intervention Sales (SMIS) and CNY 46.3million in the spot and short tenored forwards segment of the inter-bank foreign market. This was disclosed by the Director, Corporate Communications Department, Central Bank of

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ATM transactions hit N39.15trn in Q4, 2018 —NBS

The National Bureau of Statistics said Automated Teller Machine from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter of 2018. The bureau stated this in its “Selected Banking Sector Data for Fourth Quarter, 2018”, posted on its website on Wednesday. It said that the N39.15 trillion was derived

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