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BANKING

May 16, 2019

-London Stock Exchange Welcomes Finablr PLC to the Main Market-

London Stock Exchange today welcomes Finablr PLC (“Finablr”), a global payments and foreign exchange company, to open London’s markets for trading and to celebrate the listing of the Company’s shares on the Premium Segment of the Main Market of London Stock Exchange.

"...

May 15, 2019

Morocco granted USD55m WB loan

Morocco was announced to be receiving USD55 million in loans from the World Bank (WB) in support of its efforts to provide employment to young people in the country.

Under 'Supporting the Economic Inclusion of Youth,' Morocco is offering a creative method to train lower"...

May 13, 2019

World Bank to Establish a Private Medical Faculty in Marrakech

Rabat – The International Finance Corporation (IFC), a member of the World Bank Group, has signed a loan agreement with KMR Holding Pedagogique to provide €14 million to establish a medical faculty at Marrakech Private University (UPM) and to expand medical training in both Morocco"...

May 11, 2019

Lending Rates Down to 4.89% in Q1-2019, Central Bank

Casablanca - The lending rates for the first quarter of 2019 show a 17 basis points decrease in the weighted average lending rate to 4.89 percent, according to the results of Bank Al-Maghrib's (central bank) lending rates survey.

Rates"...

May 2, 2019

First Bank Restate Commitment to Digital Banking

The Chief Executive Officer, First Bank of Nigeria, Adesola Adeduntan, has expressed the desire of the bank to remain committed in its drive for digital banking.

The move, he said would improve customer experience"...

May 1, 2019

Union Bank Maintains Positive Performance with N5.4bn Profit in Q1

Despite the challenging operating environment that pervaded the first quarter (Q1) of 2019, Union Bank of Nigeria Plc sustained an impressive performance with profit before tax of N5.4 billion. The unaudited results showed that Union Bank ended the Q1 with gross earnings of N37.7 billion,"...

April 29, 2019

CBN to Unveil Clean Note Policy, Banknote Fitness Guidelines

The Central Bank of Nigeria (CBN) has approved the issuance of a Clean Note Policy and Banknote Fitness Guidelines.

The guidelines would be launched in Lagos tomorrow. The documents would be unveiled by the CBN"...

April 29, 2019

Fidelity Bank Shareholders Approve N3.2bn Dividend Pay-out

Shareholders of Fidelity Bank Plc have approved the payment of a total dividend of N3.19 billion declared by the board of directors for the financial year ended December 31, 2018.

The dividend, which translates"...

April 29, 2019

Heritage Promotes Cultural Diversity

Heritage Bank Plc has joined forces with Magodo Residents Association (MRA), to promote cultural diversity and in ensuring the success of the maiden edition of the Magodo Cultural Day 2019.

The two-day event held"...

April 27, 2019

Casablanca Notary Embezzles 50 Million Moroccan Dirhams

Rabat – A notary in Casablanca has been accused of treason and indicted by the King’s Attorney General for diverting more than 50 million dirhams ($5 million) from his clients.

The notary, licensed"...

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