Zenith Bank Sues Stallion Group Founder, Vaswani Over N23.3bn Debt

August 6, 2020 24775

Breaking News

        By Gbenga Ogunbufunmi Zenith Bank Plc has dragged the Chairman/ CEO of Stallion Groups of  companies, Mr. Sunil Vaswani before an Igbosere High Court  Lagos,  State,  over alleged unpaid N23.4 billion debt. Zenith Bank in the suit marked LD/3945GCMW/2020, filed against Mr. Vaswani, was due to his failure or Continue Reading

Climate Financing By Leading Multi-lateral Development Banks Tops $61.6 billion

August 4, 2020 310

Banking & Finance

Climate financing by seven of the world’s largest multilateral development banks (MDBs) totaled $61.6 billion in 2019, of which $41.5 billion (67 per cent) was in low- and middle-income economies, according to the 2019 Joint Report on Multilateral Development Banks’ Climate Finance. The study expands the scope of reporting for the first time to all […]Continue Reading

Makinde Signs Oyo Revised Budget Into Law

August 3, 2020 363

News

The Oyo State governor, Seyi Makinde has signed into law the revised budget for the state for this year,July 29,2020. Makinde himself made some comments about the process leading to the revision of the budget and his thoughts on other aspects of the state’s economy including the planned N100billion bond dubbed “Oyo Prosperity Bond”.This is […]Continue Reading

NDIC To Shutdown 37 Micro Finance, Primary Mortgage Banks

August 3, 2020 263

News

About thirty seven Micro Finance Banks, MFBs may soon be liquidated officially, according to Ronke Sokefun, Chairman of the Board of directors of Nigeria Deposit Insurance Corporation (NDIC).Sokefun was speaking at a chat with the theme: “A Conversation on Deposit Insurance, Banking Supervision, Failure Resolution and Bank Liquidation in Nigeria,” organized by Babalakin Continue Reading

Huawei Urges Cooperation Among Telecoms Regulators to Address COVID-19 Challenges

August 2, 2020 575

Information Technology

Catherine Chen, Huawei’s corporate senior Vice president and director of the Board, has called on global telecoms regulators to work together to address the challenges posed by COVID-19 pandemic.According to Chen, who delivered a keynote speech at the online Better World Summit 2020,held recently ,stressed that cooperation among telecoms regulators across many nations and Continue Reading

HSBC Partners Asian Dev Bank To Provide $1.2bn funding To Asian Supply Chains

August 1, 2020 249

Banking & Finance

HSBC has partnered with the Asian Development Bank (ADB) to establish a supply chain financing programme primarily to support companies providing Covid-19 related supplies. This agreement could enable up to USD1.2bn per annum of additional trade by Asian SMEs, HSBC has said.HSBC, in partnership with the ADB, has already mapped over 10,000 critical COVID-19 suppliers. […]Continue Reading