Managing Director and Chief Executive Officer (MD/CEO) of Bank of Industry, Mr. Pitan Olukayode has indicated the bank’s interest to seek more areas of collaboration...
A row has erupted in South Africa between Civil Society Group and the government over the status of South Africa Reserve Bank. While Finance Minister insists...
Atlas Mara Ltd, the African investment vehicle of former Barclays boss Bob Diamond, said that it plans to raise $200 million to increase its stake in...
Parent company of Nigeria’s fourth largest GSM service provider Etisalat UAE shareholding in Etisalat Nigerian has been warehoused in a trustee that will find a buyer...
Following its intervention in the inter-bank Foreign Exchange Market, last week, to the tune of over $800 million, the Central Bank of Nigeria (CBN) on Monday,...
Etisalat Nigeria is engaged with its bankers and Abu Dhabi state investment fund Mubadala, the second-largest shareholder in the business, to resolve debt woes it said...
In its latest move to further rein in inflation, the Central Bank of Nigeria (CBN) has unveiled plans to mop up a total of N200.322 billion...
Foremost financial institution, Guaranty Trust Bank plc, has launched GTPATRIOT, a unique Salary Account Package which offers Nigeria’s servicemen and servicewomen subsidized banking products and...
Oil prices has dropped to six-week lows, under pressure from high global inventories and doubts about OPEC’s ability to implement agreed production cuts. This has given...
Central Bank of Nigeria CBN plans to sell N133.24 billion worth of treasury bills at an auction next week, on behalf of the federal government of Nigeria. The...
Fitch Ratings has assigned Nigeria’s upcoming dollar denominated senior unsecured bonds a rating of ‘B+(EXP)’. The assignment of the final rating is contingent on the receipt...
The Nigerian equities market rebounded to erase losses in the previous two trading sessions as the benchmark index rose 1.4 per cent to 33,598.20 points, thus...
By Peace Gabriel Revenue generated from Value Added Tax VAT, into the federation account dropped by 1.25 per cent in the first quarter of this year...
United Bank for Africa Plc (UBA) successfully raised USD500 million, though a debut Eurobond, which was 240% over-subscribed. The significant investor demand reflects the strong global investor appetite for UBA’s...
The Naira is set to be given further lift in the forex market with CBN’s injection of another $418 million into various segments of the inter-bank...