BoA

BREAKING: CBN licenses Development Bank of Nigeria

by Dolapo Adelana The Central Bank of Nigeria has licensed the establishment of the Development Bank of Nigeria (DBN). According to the Federal Ministry of Finance, the Development Bank of Nigeria (DBN) is a wholesale financial institution which aims to increase access to finance for MSMEs. The bank will take off with US$1.3bn, to be... Read More

The News Blog

BoA, BoI, CBN, DBN, Federal Ministry of Finance, MSMEs

June 18, 2012

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#InCaseYouMissedIt: Money laundering scandal rocks Nigerian Embassy as U.S. freezes accounts

by Chi Ibe Bank of America, M&T Bank and Wells Fargo received directive from the US government to close the accounts of the Nigerian embassy in Washington and its consulate in New York on suspicion of money laundering after traffic on the various accounts raised a red flag. Report from the Leadership claim the decision... Read More

bank of america, banks, BoA, frozen, money laundering, nigeria, USA, Wells Fargo