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World Bank Launches Transparent  Business Climate Rankings

World Bank Launches Transparent Business Climate Rankings

The World Bank yesterday unveiled new methodology and improved safeguards for assessing the business climate in up to 180 countries after revelations of data irregularities and favoritism toward China forced it to cancel its flagship…

Wema Bank Posts N39.35bn Gross  Earnings In Q1’23

Wema Bank Posts N39.35bn Gross Earnings In Q1’23

Wema Bank Plc has announced its unaudited finan – cials for the first quarter ending 31st March 2023, posting growth of 35. 04 per cent in gross earnings, which rose from N29.14 billion in Q1’22…

Access Pensions Creates Desk To Boost  RSA Mortgage Financing

Access Pensions Creates Desk To Boost RSA Mortgage Financing

Access Pensions has introduced a dedicated desk aimed at encouraging its customers to utilise 25 per cent of their Contributory Pension Scheme (CPS) for equity contribution towards residential mortgages. According to the PFA, with the…

NDIC Lauds Judiciary, Solicitors On Prosecution  Of Failed Bank Cases

NDIC Lauds Judiciary, Solicitors On Prosecution Of Failed Bank Cases

The Managing Director/Chief Ex – ecutive Officer, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has commended the Judiciary and Nigerian Bar for collaborating with the Corporation in the diligent and timely prosecution of failed…

Wema Bank Marks 78th Anniversary

Wema Bank Marks 78th Anniversary

Wema Bank is set to commemorate its 78th and 6th anniversary with a bang, according to a press release. The statement said that the week-long celebration, which commences on May 1, 2023, promises an array…

Stanbic IBTC’s Report Highlights Promising Growth In Africa Trade

Stanbic IBTC’s Report Highlights Promising Growth In Africa Trade

Stanbic IBTC Holdings, a member of Standard Bank Group, has shared some of its latest findings from the Africa Trade Barometer report 2022 released recently. The report, which assesses key economic indicators in Africa highlights…

AfDB Rolls Out New Whistleblowing Policy

AfDB Rolls Out New Whistleblowing Policy

The African Development Bank Group (AfDB) has launched a six-month campaign to sensitize its internal and external stakeholders on its new Whistleblowing Policy, approved by the Boards of Directors in January this year. According to…

StanChart Profit Beats Forecasts  On Rising Interest Rates

StanChart Profit Beats Forecasts On Rising Interest Rates

StanChart profit beats forecasts on rising inerest rates Standard Chartered PLC (StanChart) on Wednesday said first-quarter profit jumped 21%, beating expectations, as rising interest rates buoyed income from its cash management and retail banking businesses.…

World Bank: Debt Assessments Should  Reflect Growing Share Of Domestic Debt

World Bank: Debt Assessments Should Reflect Growing Share Of Domestic Debt

Debt sustainability analyses carried out by the World Bank and International Monetary Fund (IMF) should reflect the growing share of domestic debt in many developing countries’ overall debt levels, World Bank President, David Malpass, said…

‘Big Three’ Credit  rating Firms Maintain  Europe Dominance

‘Big Three’ Credit rating Firms Maintain Europe Dominance

S &P Global, Moody’s and Fitch, the socalled “Big Three” credit ratings agencies, are maintaining their dominance of Europe’s credit score market despite the region’s efforts to loosen their vice-like grip, data shows. Data published…