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The Inspector-General of Police, Ogbonna Onovo yesterday in Abuja cleared the air on the Aquitane Oil and Gas Company, a marketing company in the oil and gas sector and Fin Bank, one of the banks taken over by the Central Bank of Nigeria (CBN), as a result of poor corporate governance.
Bank of Kigali (BK) has laid-off 55 employees in its ongoing restructuring.
The National Bank of Rwanda (BNR) in partnership with the Private Sector Federation (PSF) are organising the first ever East African Financial Service Exhibition from December 2-6, 2009.
Parliament on Wednesday unanimously approved a bill to reform the central bank. In theory this should reduce the powers of bank governor Gideon Gono.
The British government supports the banking system reforms made by the Central Bank of Nigeria (CBN).
THE International Monetary Fund (IMF) has called for a framework to deal with bank failures in Nigeria, adding that a robust financial stability framework will be important for the sustained development of the financial sector.
The Board of Directors of the African Development Fund (ADF) approved on Tuesday, November 17, 2009 in Tunis, a UA 10.21 million (US$ 16.23 million) loan to finance a Rural Income and Employment Enhancement Project (RIEEP) in Uganda.
Wema Bank PLC has been appointed by the Joint Admission and Matriculation Examination Board (JAMB) to sell its newly introduced on-line Unified Tertiary Matriculation Examination (UTME) application forms.
Imperial Bank has reported an 18 per cent increase in pre-tax profit for the nine months ending September 30, 2009.
The only way forward out of the global financial crisis, particularly in Nigeria, is for banks and insurance firms to form a strong partnership, Adeyemo Adejumo, managing director/chief executive officer (CEO) of Continental Reinsurance Plc, has said.
THE Central Bank of Nigeria Governor, Mallam Sanusi Lamido Sanusi will today lead other intellectuals to deliver this year's public lecture/Annual General Meeting of the Nigeria Institute of Public Relations (NIPR).
THE Reserve Bank kept interest rates steady yesterday as expected with new governor Gill Marcus highlighting the role global events play in SA's tentative economic recovery.
DEBATE on the Reserve Bank of Zimbabwe Amendment Bill in the House of Assembly was yesterday postponed to allow further consultations on the prospective legislation.
THE Reserve Bank's new governor, Gill Marcus, made clear yesterday that she would not cave in to political pressure on interest rates, although she will be more consensual than her predecessor in making decisions.
Lagos-based Private Media Mart (PMM) Limited, has concluded arrangement for this year's edition of its Insurance Technology Expo (InTech) 2009, on "e-Insurance: Issues and expectation in a growing economy."
THE Minister of Trade Tourism and Industry, Kahinda Otafiire, has urged the people of Isingiro district to transform their businesses by getting loans.
The Central Bank Governor Sanusi Lamido Sanusi said on Monday that the apex bank had traced about 60 shops in Dubai belonging to one of the sacked Bank Chief Executive Officers (CEOs).
The Nigerian insurance industry is indeed struggling to regain its past glory. Up till the early 1990's, Nigerian insurance companies were among the biggest players in the financial services.
The British High Commissioner to Nigeria Mr Bob Dewar says the British government is in support of the Governor of the Central Bank of Nigeria Lamido Sanusi over the reforms in the banking sector.
The Central Bank Governor, Mr Sanusi Lamido Sanusi, said on Monday that the bank had traced about 60 shops in Dubai belonging to one of the sacked bank chief executive officers.
Unity Bank Plc has donated N600 million to support the Lagos State Waste Management Authority (LAWMA) to make the state cleaner. The Group Managing Director of the bank Malam Falalu Bello said this at the Lagos International Trade Fair.
The Central Bank of Nigeria (CBN) has banned importation of aluminium roofing sheets of less than 0.50mm thickness and cold roll steel of less than 0.20mm thickness into the country.
Rwanda's mountainous terrain and lack of access to the sea puts the country at a great challenge of high infrastructure costs, according to the African Development Bank (ADB) official.
The African Development Bank (ADB) and the Government of Rwanda unveiled a $7.9m (Rwf4.5b) project yesterday in a bid to promote competitiveness and enterprise development across the country.
The South African Reserve Bank's Monetary Policy Committee (MPC) has decided to revert back to holding bi-monthly meetings as of next year.
Active Discussions: Banking and Insurance