LAGOS-Nigeria’s interbank lending rates eased to 10.5 percent on Friday, down 25 basis points from a week earlier, after the central bank paid off matured treasury...
ALBANY, N.Y. — New York’s attorney general is accusing a mortgage lender of refusing to offer financing to African-Americans living in Buffalo. Eric Schneiderman filed a...
LAGOS-There are strong indications that Ecobank Nigeria is considering raising additional capital in order to boost its tier-1 capital. Ecobank Nigeria’s total capital adequacy ratio at...
LAGOS-Following increasing demand for health services, including diagnostic treatment and care, which presents a growing and untapped opportunity in Nigeria’s health sector, Diamond Bank plc has...
ABUJA-Some stakeholders in the finance industry have commended the Federal Government for its decision to use Micro-Finance Banks (MFBs) in distributing the N220 billion Micro, Small...
LAGOS-As Nigerian banks invested about N750 billion in the power sector since its privatisation, it’s imperative that the security of this huge exposure rests squarely on...
LAGOS-The Board of United Bank for Africa Plc, UBA, has named Mr. Tony O. Elumelu, CON, as Chairman to succeed Ambassador Joe Keshi. Mr. Elumelu until this...
ABUJA-The Central Bank of Nigeria (CBN) has so far released about N19.9 billion under the Growth Enhancement Scheme (GES)’s Credit Risk Guarantee (CRG) meant to boost...
ABUJA-The Federal Government of Nigeria’s (FGN) domestic debt at the end of June this year now stands at N7.42 trillion or $46.1 billion, equivalent to 9.2...
The Economic and Financial Crimes Commission (EFCC) has arrested two Union Bank of Nigeria managers for allegedly stealing the sum of N661million from the bank. The...
