Sterling bank remodels 40 branches to meet service delivery

Sterling Bank Plc says it has remodelled 40 of its branches to reflect its retail positioning and commitment to service delivery.

In a statement on Monday in Lagos, the bank said that the remodelling was in line with its focus on the retail end of the market.

Islamic bank to begin operation in Kwara, Lagos -- Jaiz Bank

The Jaiz Islamic Bank in Nigeria is set to open its branch offices in kwara and Lagos states.

Dr Mizanur Rahman, Representative of the Jaiz Islamic Bank in Nigeria, made the statement at the jointly organised thematic workshop on Development of Islamic Banking in Africa at the Alhikmah University in Ilorin.

The workshop was jointly organised by the Research and Training Institute (IRTI) in Saudi Arabia, the University of Ilorin and Al-Hikmah University.

World Bank to support Nigeria's power sector with 1.7bn dollars

Nigerian power plant

The Bureau of Public Enterprises (BPE) on Monday said that the World Bank would support the Nigerian Power Sector with 1.75 dollars (about N294bn) over the next four years.

 The bank’s Country Energy Task Team Leader for Nigeria, Mr Eric Fernstrom, disclosed this at a Capacity Building Programme on Post Privatisation Monitoring for Power Sector.

In a statement by the Head, Public Communication of the enterprise, Mr Chigbo Anichebe, in Abuja, it said the programme was jointly organised by the bank and the enterprise to ensure that the reform objectives were realised.