The bank had also agreed to surrender its license to operate a branch in New York and unwind its operations there. The branch had been operational since 1978.

Wema Bank, Nigeria’s oldest indigenous bank and the pioneer of Africa’s first fully digital bank, ALAT, has received rating upgrades from credit rating agencies Fitch and GCR. The upgrades reflect the ...

The visit builds upon earlier engagements held in January 2025 between the World Bank and the Federal Government of Nigeria, which focused on establishing integrated frameworks for climate risk ...

Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for 2022, 2023 and 2024 and ‘Best in Corporate ...

Accordingly, the Central Bank of Kenya, CBK, confirmed the deal, disclosing that regulatory approvals were granted earlier in April 2025. “This follows CBK’s approval on April 4, 2025, and ...

The World Bank’s recent call for a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) is grounded in its broader mandate to support Nigeria’s macroeconomic stability and ...

Nigeria will soon make a $100m capital contribution to the ECOWAS Bank for Investment and Development, further strengthening its role as the largest shareholder in the regional financial institution.

The World Bank's recent call for a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) has sparked debate over the institution's role in Nigeria's economic affairs. While the ...

"Real GDP increased by 4.6 percent year-on-year in Q4 2024, pushing growth for the full year 2024 to 3.4 percent, the highest since 2014 (excluding the 2021-2022 COVID-19 rebound)," the bank said ...

Nigeria 's gross domestic product (GDP) grew by 3.4% in 2024, the World Bank said in a new report published Monday. That's the highest rate of growth since 2014, excluding the 2021-2022 COVID-19 ...

Nigeria’s gross domestic product (GDP) grew by 3.4% in 2024, the World Bank said in a new report published on Monday. That’s the highest rate of growth since 2014, excluding the 2021-2022 Covid-19 ...

Lagos: Nigeria's economy grew at the fastest rate in a decade last year, the World Bank said Monday, thanks to the reforms introduced by the government, but it warned inflation remains high. "Real ...