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…
Browsing: Business
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…
The World Bank has approved a $250 million International Development Association (IDA) credit to support Ghana’s five-year Financial Stability Project. This initiative is designed to enhance…
African leaders are calling for urgent reforms to the global financial system, which they argue unfairly penalizes African nations with exorbitant borrowing rates. This demand was…
President Bola Tinubu is set to present the 2024 Supplementary Budget to the National Assembly (NASS) soon. Addressing a joint sitting of the National Assembly on…
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…
Pixar, the renowned animation studio owned by Disney, is downsizing its workforce by approximately 14 percent, marking a strategic shift away from streaming content production. The…