2merkato

Nib Insurance Corporation (NIC) selected four finalists to design its headquarters building, on Africa Avenue next to Mega Printing House, Capital reported.

Nib International Bank Share Company has reported a pre-tax loss of Birr 2.9 billion for the fiscal year ended 2024/25, marking a significant financial setback largely attributed to foreign exchange revaluation losses.

Nib International Bank (NIB) has received a license from the National Bank of Ethiopia (NBE) on June 16, 2015, to launch mobile banking service in the next few weeks, Addis Fortune reported.

Nib Bank S.C., one of the private banks in Ethiopia, has signed an agreement with KPMG East Africa Limited for the designing and formulation of management strategy of the bank. The agreement is said to be worth between 20 to 25 million Birr.

Habtemariam Shumgizaw, Chief Executive Officer of National Insurance Company of Ethiopia (NICE), has stepped down from his authority to retirement. His retirement is going to be effective from Saturday, November 1, 2014.