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CBN Suspends All Loans To NIRSAL As Corruption Scandal Rocks Anchor Borrowers,

CBN suspends all loans to NIRSAL as corruption scandal rocks Anchor Borrowers, CEO Abdulhameed The Central Bank of Nigeria has halted all further disbursements to the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL),Newsextra24 can report, amidst widespread allegations of corruption. The agency’s flagship Anchor Borrowers’ Programme and its …

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Access Bank Acquires Grobank, South African Bank

The South African acquisition is its third in eight months, having taken over Kenya’s Transnational Bank in July and Zambia-based Cavmont Bank in January. Access Bank paid about $60 million to purchase a controlling interest in South Africa’s 74-year-old Grobank, its CEO said Tuesday, signalling the culmination of the tier …

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