News Agencies Feed :


    November 29, 2021

    FMN, Honeywell Merger Rekindles Shareholders Interest

    The proposed merger between Flour Mills of Nigeria Plc (FMN) and Honeywell Flour Mills (HFMP) rekindled investors’ interest in both companies’ stock prices on the Nigerian Exchange Limited (NGX) last week.


    November 29, 2021

    CBN Achieving Rate Stability With Banks’

    With only four months into the Central Bank of Nigeria’s (CBN) suspension of sales of dollars and other foreign currencies to the Bureau De Change operators (BDCs) and channeled same through Deposit Money Banks (DMBs) for sales to the end users, the targeted objectives are incrementally"...

    November 29, 2021

    Unity Bank Targets Women in Financial Inclusion Drive

    Nigeria’s retail lender, Unity Bank Plc has launched the Yanga Account, a new retail product designed to deepen beneficial impact on Micro Small and Medium Enterprises, MSMEs operated by women in the mass-market retail space.


    November 29, 2021

    Jaiz Bank Foundation Grants Interest-free Loans to 54 FCT Traders

    Jaiz Charity and Development Foundation (JCDF) has disbursed interest-free loans to 54 residents of the Federal Capital Territory (FCT) under its micro-finance loans scheme.

    The MD/CEO of JCDF, Dr Imam Abdullahi"...

    November 29, 2021

    Zenith Bank, Polaris Bank, Others Publish 1,042 FX Defaulters in 3 Months

    In compliance with the Central Bank of Nigeria (CBN) foreign exchange policy, Zenith Bank Plc, Sterling Bank Plc, and eight other banks have published a total of 1,042 foreign exchange defaulters in the last three months when it enforced.


    November 25, 2021

    Morocco: AfDB Approves €120 million Loan to Support Entrepreneurs, SMEs and Stimulate Recovery

    Abidjan - The Board of Directors of the African Development Bank (AfDB) Group on Wednesday in Abidjan approved a €120 million loan to Morocco to implement the country's Financial Inclusion, Entrepreneurship, and Very Small and Medium Enterprises (SMEs) Support Program.


    November 25, 2021

    Morocco Receives €114.03 Million Loan from African Development Bank

    Rabat - Morocco has received a new loan of MAD 1.18 billion (€114.03 million) from the African Development Bank (AfDB), with both parties commenting that the loan will be used to improve the small-scale agriculture sector in rural or remote areas.


    November 24, 2021

    Moroccan Bank Deposits Increased by 7.3% in 2021

    Rabat - According to Morocco’s central bank, Bank Al-Maghrib, bank deposits in Morocco saw an annual increase of 7.3% in September 2021, progressing at a much faster rate than the 4.8% recorded in September 2020.


    November 22, 2021

    Remittances from Moroccans Abroad to Reach $9.3 Billion by End of 2021

    Rabat- The World Bank expects remittances from Moroccans living abroad (MREs) to reach about USD MAD85 billion ($9.3 billion) by the end of the current year. The transactions are expected to record an increase of 25% compared to last year, representing about 7.4% of Morocco’s GDP. In a statement, the World Bank called on the Moroccan government to 'facilitate these transfers' to support economic recovery, stressing that they represent a 'real lifesaver' for families who have suffered from Covid-19 repressions. The......

    November 15, 2021

    Maize Farmers Laud CBN’s Support in Procurement of Harvesters

    The Maize Association of Nigeria (MAAN) has commended the Central Bank of Nigeria (CBN) under the leadership of Mr. Godwin Emefiele, for assisting its members with soft loans through the Anchor Borrowers’ Programme (ABP) to purchase both combine and mini- harvesters to boost maize"...

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