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By Hamilton Nwosa(Head, The New Diplomat’s data tracking desk) Nigeria's President Muhammadu Buhari has reiterated his support and prop-up for president of the African Development Bank (AfDB), Dr Akinwumi Adesina on the raging accusations of illegal acts and ethical misconducts leveled against the latter. In a candid letter signed on Buhari’s behalf by Nigeria’s Minister…
May 29, 2020
By Hamilton Nwosa (Head, The New Diplomat’s Business and data tracking desk) In what many see as a puzzling and interrogative move, the United States government’s official letter to the chairman of the Bureau of the Board of Governors of the African Development Bank, and minister of planning and development of the Republic of Cote…
May 26, 2020
The United Bank for Africa (UBA) mobile app has been upgraded with innovative features that are aimed at hastening digital banking penetration as well as financial inclusion across the continent. This was disclosed by The Group Head, Digital Banking, UBA, Mr. Sampson Aneke during a virtual media parley that had journalists across the continent in…
May 19, 2020
As the race to develop a vaccine for Covid-19 cure intensifies around the world, Governor of the Central Bank of Nigeria, Godwin Emefiele, says the country’s apex bank “is developing a framework” through which it can provide financial support to achieve a Nigerian made vaccine. The CBN's support for a local vaccine was coming on…
May 13, 2020
The Central Bank of Nigeria (CBN) has tasked banks operating in the country to develop new business models and tinker with existing ones so as to enable them manage the disruptions caused by the Covid-19 crisis. Deputy Governor, Financial System Stability, CBN, Mrs. Aishah Ahmad said banks and other financial institutions can only survive disruptive…
May 11, 2020
Access Bank Plc on Monday backtracked on its earlier muted plan to sack 75 per cent of its workforce and as well close over 300 branches nationwide due to the Covid-19 crisis. The New Diplomat reports that the Managing Director of Access Bank, Mr. Herbert Wigwe was heard discussing the planned mass rentrenchment of staff…
May 4, 2020
By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) The Central Bank of Nigeria (CBN) has blocked Access Bank and other banks across the country from sacking their workers. The apex bank which issued a statement on Sunday evening disclosed that the decision to arrest growing plans or moves by banks to lay-off…
May 4, 2020
The effects of tumbling Oil prices, traumatic Covid-19, coupled with allegations of insider trading might be having telling impact on some Banks. Access Bank says its doors are no longer accessible to 75% of its workforce as it plans a mass sack of 75% Staff, reports Hamilton Nwosa, The New Diplomat’s Head of Business and…
May 2, 2020
With Gross Earnings of N166.8Bn By Hamilton Nwosa(Head, The New Diplomat's Business and data tracking desk) Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31 2020, with gross earnings rising by 6% from N158.1 billion in March 2019 to N166.8 billion. From the unaudited statement of account which was presented…
April 30, 2020
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By Hamilton Nwosa(Head, The New Diplomat’s data tracking desk) Nigeria's President Muhammadu Buhari has reiterated his support and prop-up for president of the African Development Bank (AfDB), Dr Akinwumi Adesina on the raging accusations of illegal acts and ethical misconducts leveled against the latter. In a candid letter signed on Buhari’s behalf by Nigeria’s Minister…
May 29, 2020
By Hamilton Nwosa (Head, The New Diplomat’s Business and data tracking desk) In what many see as a puzzling and interrogative move, the United States government’s official letter to the chairman of the Bureau of the Board of Governors of the African Development Bank, and minister of planning and development of the Republic of Cote…
May 26, 2020
The United Bank for Africa (UBA) mobile app has been upgraded with innovative features that are aimed at hastening digital banking penetration as well as financial inclusion across the continent. This was disclosed by The Group Head, Digital Banking, UBA, Mr. Sampson Aneke during a virtual media parley that had journalists across the continent in…
May 19, 2020
As the race to develop a vaccine for Covid-19 cure intensifies around the world, Governor of the Central Bank of Nigeria, Godwin Emefiele, says the country’s apex bank “is developing a framework” through which it can provide financial support to achieve a Nigerian made vaccine. The CBN's support for a local vaccine was coming on…
May 13, 2020
The Central Bank of Nigeria (CBN) has tasked banks operating in the country to develop new business models and tinker with existing ones so as to enable them manage the disruptions caused by the Covid-19 crisis. Deputy Governor, Financial System Stability, CBN, Mrs. Aishah Ahmad said banks and other financial institutions can only survive disruptive…
May 11, 2020
Access Bank Plc on Monday backtracked on its earlier muted plan to sack 75 per cent of its workforce and as well close over 300 branches nationwide due to the Covid-19 crisis. The New Diplomat reports that the Managing Director of Access Bank, Mr. Herbert Wigwe was heard discussing the planned mass rentrenchment of staff…
May 4, 2020
By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) The Central Bank of Nigeria (CBN) has blocked Access Bank and other banks across the country from sacking their workers. The apex bank which issued a statement on Sunday evening disclosed that the decision to arrest growing plans or moves by banks to lay-off…
May 4, 2020
The effects of tumbling Oil prices, traumatic Covid-19, coupled with allegations of insider trading might be having telling impact on some Banks. Access Bank says its doors are no longer accessible to 75% of its workforce as it plans a mass sack of 75% Staff, reports Hamilton Nwosa, The New Diplomat’s Head of Business and…
May 2, 2020
With Gross Earnings of N166.8Bn By Hamilton Nwosa(Head, The New Diplomat's Business and data tracking desk) Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31 2020, with gross earnings rising by 6% from N158.1 billion in March 2019 to N166.8 billion. From the unaudited statement of account which was presented…
April 30, 2020
