By the AFREEQUE newsroom, based on Jeune Afrique
Access Bank is ending its African acquisition strategy and plans to open up to 25% of its continental subsidiaries’ capital to regional partners. The Nigerian bank is thus shifting from geographical growth to financial optimisation of its network, according to Jeune Afrique.
Afreximbank has committed $75 million to the Development Bank of Nigeria to expand credit access for Nigerian SMEs, targeting the creative and export sectors. The agreement, signed in Lagos, aims to support the growth of the country’s small and medium-sized businesses, according to Punch.
🇳🇬 Nigeria · Source: Punch ·
Nigeria’s Economic and Financial Crimes Commission has again arraigned Tunde Ayeni, former chairman of Skye Bank, over alleged embezzlement involving 15.6 billion naira. It is the former banker’s fourth appearance in the proceedings, according to Premium Times.
🇳🇬 Nigeria · Source: Premium Times ·
Paraguay’s Central Bank has partially repaid funds to more than 1.8 million Ueno Bank depositors. The largest depositors must still wait to recover all of their funds.
🇵🇾 Paraguay · Source: Le Monde ·
The European Union is committing €112 million to support security, counterterrorism and migration management in Nigeria. The funds include €66 million for migration, €26 million for security and €20 million for counterterrorism operations, according to the European Union.
🇳🇬 Nigeria · Source: Tribune Online ·
Seven pharmacy graduates reportedly die at party in NigeriaSeven pharmacy graduates from the University of Nigeria in Nsukka reportedly died at a party held after their graduation. The circumstances remain unclear, while a student mentioned a possible drug overdose in a survivor, according to Vanguard.
Niger contains oil spill from Goumeri W-8 wellThe crude oil spill from the Goumeri W-8 well in Niger’s Agadem block has been contained, while technical operations continue to control the blowout. Drilling of the Goumeri W-8R relief well is due to continue until 26 December 2026, according to the relevant Nigerien ministries.The week in Africa
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