BANKING

August 13, 2020

CBL: 847 million dinars spent on combating the Coronavirus pandemic

The Central Bank of Libya (CBL) stated that the total funds Ok’d by the Ministry of Finance to challenge the Coronavirus pandemic amounted to 847 million dinars, of which 562 million were allocated to the Ministry of Health.

The"...

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August 11, 2020

Nova Boss Urges Banks to Restructure their Business Model

The Chief Executive Officer/Managing Director, Nova Merchant Bank Limited, Mr. Anya Duroha, yesterday stressed the need for banks in the country to look beyond their traditional means of operation and embrace innovation.

Responding"...

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August 6, 2020

Nova Merchant Bank Pledges to Deliver Higher Performance, Value

The Chief Financial Officer, Nova Merchant Bank Limited, Mr. Ifeanyi Chukwuonye, yesterday said the long-term goal of the bank is to be a sustainable and viable financial institution that would be a pride of its investors, customers and other stakeholders.

Speaking"...

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August 4, 2020

Wema Bank Introduces Collateral-free Loan for SMEs

Wema Bank said it has made available SME loan products that are collateral free to support businesses.

A statement from the bank explained that businesses in need of working capital finance could get up to N10"...

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August 4, 2020

IQ cash flow remains strong despite challenges: Report

QNB Financial Services (QNBFS) has announced that it maintains its market perform rating on Industries Qatar (IQ) with price target of QR10 as the company’s balance sheet continues to remain solid with QR11.3bn in cash, bank balances and zero debt.
The company generated operating"...

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July 30, 2020

Unity Bank Posts N23bn Half-year Earnings

Unity Bank Plc has declared gross earnings of N22.8 billion in the period between January and June 2020.

According to the lender’s unaudited financials submitted to the Nigeria Stock Exchange, the half-year"...

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July 30, 2020

International Review of Central Bank's Two Branches

Acting Special Representative of the Secretary-General and Head of the United Nations Support Mission in Libya (UNSMIL) Stephanie Williams is pleased to announce the finalization of the process to initiate an international audit of the two branches of the Central Bank of Libya (CBL).

"...

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July 29, 2020

British Embassy: Review and audit of CBL is a vital step towards transparency in Libya

The British Embassy in Libya announced that the United Kingdom welcomes the the initiation of an international financial review and audit of the Central Bank of Libya (CBL).

According to the embassy, the UK considers"...

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July 28, 2020

CBL independent audit going ahead: UNSMIL

UNSMIL reported today that the independent international audit of both Central Banks of Libya (CBL) has been finalized and will be going ahead.

The news is vital for Libya on the economic and political level."...

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July 28, 2020

UN announces start of Libya central bank audit

The United Nations’ Libya mission on Monday said an international audit of the country’s two parallel central bank branches was ready to begin, in what is called a “critical step” in creating conditions for their eventual reunification.

The"...

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