Govt Denies 'Hidden Spending' Claims, Says World Bank Report Misinterpreted
Leadership
The Federal Ministry of Finance has dismissed recent claims alleging hidden spending and diversion of federation revenue, describing them as a misinterpretation of findings… Read more »
Govt Debunks Hidden Spending Claims, Clarifies World Bank Report
Vanguard
Mr Taiwo Oyedele, Minister of State for Finance, has dismissed reports alleging hidden spending and diversion of federation revenue, describing them as misinterpretations of the… Read more »
World Bank Report - No Leakage in Federation Revenue - Govt
Vanguard
The Federal Government says deductions from the federation earnings by the Federation Account Allocation Committee, FAAC, are being misrepresented as a diversion of revenue. Read more »
Angola's State Budget to Benefit From U.S.$750 Million From the World Bank
ANGOP
The World Bank will soon disburse $750 million to finance expenses in Angola's 2026 General State Budget, announced Finance Minister Vera Daves de Sousa this Saturday in… Read more »
No Peace Without FDLR Neutralization, Rwandan Envoy Tells UN Security Council
New Times
A Rwandan diplomat has told the United Nations Security Council that there can be no credible path to peace in the Great Lakes region without the neutralisation of the FDLR, a DR… Read more »
CBN Leverages Digital Finance to Expand Access to Financial Services
Vanguard
The Central Bank of Nigeria (CBN) is taking new steps to strengthen trust in Nigeria's financial system as it moves to tighten oversight of virtual asset operators and digital… Read more »
SMEs Wait for Credit Flow As CBN Recapitalisation Expands Banks' Lending Capacity
Leadership
Nigeria's banking sector has entered a new phase of financial strength following the successful completion of a sweeping recapitalisation programme, but concerns remain over… Read more »
Nigeria's Banks Better Shielded From Global Shocks After Recapitalisation - IMF
Leadership
The International Monetary Fund (IMF) has commended Nigeria's recently concluded bank recapitalisation exercise, saying the stronger capital buffers are already helping to shield… Read more »
Banks in Regulatory, Legal Limbo Will Meet Capital Requirement - CBN
Leadership
Weeks after the conclusion of the banking sector recapitalisation exercise, anxiety has continued to mount among customers of banks entangled in regulatory and judicial processes… Read more »
NDIC Concluding Liquidation of 89 MFBs, PMBs After Purchase & Assumption
Leadership
The Nigeria Deposit Insurance Corporation (NDIC) said it has begun the process of concluding the liquidation activities of 89 closed Microfinance Banks (MFBs) and Primary Mortgage… Read more »
Central Bank Governor Highlights Ethiopia's Financial Reforms At IMF-World Bank Meetings
ENA
Governor of the National Bank of Ethiopia, Eyob Tekalign, took center stage at a Capacity Development Talk held on the sidelines of the IMF/World Bank Spring Meetings 2026, where… Read more »
NDPC Investigates Remita, Sterling Bank for Alleged Data Breach
Premium Times
The NDPC confirmed that the relevant parties and individuals have been providing information for the purpose of addressing the incident. Read more »
Angolan Banks to Charge 20 Kwanza Fee for Printed ATM Receipts
ANGOP
Customers with bank debit cards in Angola will have to pay 20 kwanzas for operations with receipts, from this month onwards, after a free limit of four balance inquiries, two… Read more »
BOA Benin Profit Jumps As Strong Revenues Mask Rising Bad Loans
Daba Finance
Bank of Africa Benin posted a modest rise in net profit for the year ended December 31, 2025, but the headline masks a story of growing credit stress underneath -- bad loan… Read more »
Stanbic Bank Rewards Top Performers in Entebbe Match Play Series
Nile Post
Stanbic Bank has awarded prizes to golfers in recognition of their exceptional performances and dedication during the annual Stanbic Entebbe Match Play series, a knock-out… Read more »
