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CBN Announces Sale Of Polaris Bank, Unveils New Owner

The Central Bank of Nigeria (CBN) has announced the completion of the sale of Polaris Bank. Osita Nwanisobi, CBN’s Director, Corporate Communications, disclosed this in a statement on Thursday. Nwanisobi announced that the new core investor in the bank is Strategic Capital Investment Limited, disclosing that the deal was sealed with SCIL by the CBN…

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AfDB, Microsoft partner to support young entrepreneurs

The African Development Bank says it has strengthened partnership with Microsoft to scale technical and financial support for young entrepreneurs. According to a statement, the partnership with the African Development Bank to support Africa’s youth entrepreneurs was part of the bank’s Youth Entrepreneurship Investment Banks (YEIB) initiative. See more details below.