Bank & Finance

Aug 03, 2018
Acting President, Prof. Yemi Osinbajo, says the Federal Government is working towards providing Micro, Small and Medium Enterprises(MSME) a credit facility of N2 million to N10 million without collateral. Osibanjo…
Aug 03, 2018
Sterling Bank Plc, has reported a 63.4 per cent surge in net profit for the first half (H1) ended June 30, 2018.   The lender reported a Profit After Tax…
Aug 03, 2018
The Listing of 1.612 billion ordinary shares of Notore Chemical Industries, on the Nigerian Stock Exchange (NSE), yesterday, triggered renewed bargain hunting by investors, as the market capitalisation rose by…
Aug 03, 2018
The quick passage of a bill on factoring in Nigeria, is a crucial step in facilitating the ease of doing business, and procuring the trust of investors in the country,…
Aug 02, 2018
Nigerian billionaire banker Jim Ovia has published his autobiography chronicling the story of how he built one of Africa’s largest financial conglomerates within the last three decades. The book, titled…
Jul 31, 2018
The value of loans from Chinese lenders to energy and infrastructure projects in Africa almost trebled between 2016 and 2017, from USD 3bn to USD 8.8bn, with policy lenders China…
Jul 30, 2018
Diamond Bank Plc has strengthened its retail business segment with digital customers of three million for the second quarter ended June 30, 2018.   Mr Uzoma Dozie, the bank’s Chief…
Jul 30, 2018
The National Pension Commission (PenCom) said that the total pension fund assets stood at N8.14 trillion as at May, 2018. PenCom in a statement signed by its spokesman, Mr Peter…
Jul 27, 2018
The Naira on Thursday gained marginally against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained 50 kobo to close…
Jul 25, 2018
The impact of the escalating global trade war is likely to shave 0.1% off South Africa's gross domestic product (GDP) baseline forecast in 2019 and 0.2% in 2020, according to…
Jul 23, 2018
The Central Bank of Nigeria (CBN) on Friday sold Chinese Yuan for the first time through an auction-based system designed for Chinese Yuan foreign exchange window with the People’s Republic…
Jul 20, 2018
The Board of Directors of Ecobank Nigeria Limited has announced, the appointment of Patrick Akinwuntan as the Managing Director designate of Ecobank Nigeria, subject to the approval of the Central…
Jul 19, 2018
Brokers on the floor of Nigerian Stock Exchange in Lagos.   Continued share price depreciation on the equity sector of the Nigerian Stock Exchange (NSE), yesterday pulled the market capitalisation…
Jul 18, 2018
Central Bank of Nigeria (CBN) on Tuesday injected $210 million into the inter-bank foreign exchange (forex) market. It offered $100 million to authorised dealers in the wholesale segment of the…

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