The International Monetary Fund on Tuesday approved a new $46.3 million loan program for Mali and approved an immediate disbursement of $9.3 million. “The loan arrangement was made under the Extended Credit Facility (ECF) in support of the country’s strategy to increase growth and reduce poverty,” the IMF said in […]

The Chartered Institute of Bankers of Nigeria has removed the name of a former Managing Director and Chief Executive Officer of Oceanic Bank International Plc, Mrs. Cecilia Ibru, from its register of members. A statement made available to our correspondent by the institute on Monday announced the removal of Ibru, […]

The total amount of outflow in the Nigerian Interbank market in the month of November was N1.28 trillion, a report by the Financial Market Dealers Association (FMDA) has said. A breakdown of the FMDA Monthly Financial and Economic Report for November, posted on its website, showed that whereas a total […]