LAGOS – First Bank of Nigeria Limited for the third consecutive year has been adjudged Nigeria’s number one banking brand in the 2014 ‘Top 500 Banking...
LONDON – British bank Barclays (BARC.L) will pay up to 2.4 billion pounds ($3.9 billion) in bonuses to staff for 2013, Sky News said, a year...
ACCRA – Ghana’s central bank said it is ready to intervene to defend the cedi, which has weakened 3.1 percent against the dollar this year, should...
LAGOS – The Securities and Exchange Commission, SEC, has closed down offices of New Nation Finance House in seven states of the federation, the News Agency...
LAGOS – Determined to curb artificial pressure on the nation’s currency, the naira, Central Bank of Nigeria (CBN) has further tightened the noose on banks by...
ABUJA – Nigerian interbank lending rate spiked 7.75 percentage points on Wednesday to 18 percent for overnight placement ahead of the Central Bank of Nigeria’s (CBN)...
LAGOS – Guaranty Trust Bank Plc (GUARANTY), Nigeria’s largest lender by market value, completed its 8.6 billion Kenyan shilling ($100 million) acquisition of the east African...
LAGOS – The President, Association of Professional Bodies of Nigeria, Mr Bala Ka’Oje, on Tuesday called for the recapitalisation of the Federal Mortgage Bank of Nigeria...
BUCHAREST – Romania’s central bank cut its benchmark interest rate by a quarter point to a new record low of 3.5 percent on Tuesday, likely ending...
ABUJA – Liquidity-pull from domestic and foreign investors has caused the Nigerian equities market to erode about N427 billion from its recent gains. Ahead of tomorrow’s...
