President Akufo-Addo has directed the Finance Ministry to release ¢1.5 billion to support customers affected by the banking sector clean-up. This announcement was made by Finance…
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The World Bank has greenlit a $250 million credit from the International Development Association (IDA) and a $10 million grant from the Energy Sector Management Assistance…
Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has weighed in on the recent revocation of Heritage Bank’s license by the CBN.…
A high-stakes financial clash has erupted between billionaire businessman Femi Otedola and Jim Ovia, chairman of Zenith Bank, over alleged unauthorized transactions amounting to billions of…
The Central Bank of Nigeria (CBN) has clarified that there are no plans to revoke the licenses of three banks. In a recent press release, Haka…
The Nigerian Deposit Insurance Corporation (NDIC) has announced that depositors at Heritage Bank will start receiving payments by the end of the week. This was revealed…
The Central Bank of Nigeria (CBN) has revoked Heritage Bank Plc’s banking license with immediate effect. In a statement released on Monday, Hakama Ali, the Acting…
The Nigeria Deposit Insurance Corporation (NDIC) has begun liquidating Heritage Bank Plc. This follows the Central Bank of Nigeria (CBN) revoking the bank’s commercial license with…
Dr. Mohammed Amin Adam, the Finance Minister, has reassured Ghanaians that the current depreciation of the cedi will stabilize in the medium to long term. He…
The Bank of Ghana (BoG) has decided to keep the policy rate steady at 29 percent, reflecting its continued efforts to stabilize the economy amidst persistent…