Access Bank said it has raised $100 million in seven-year international bilateral debt priced below its Euro-bond yield of 7.25 per cent, to bolster its capital...
African Development Bank, AfDB, has invested N3.2 billion in Nigeria’s new infrastructure private equity fund, ARM-Harith Infrastructure Fund. AfDB said the gesture is part of the...
Revenue earned by Nigeria this year may be as much as $12 billion short of budget estimates as theft of crude and output disruptions persist in...
The Board of Directors of the African Development Bank (AfDB) has approved an additional US $10 million equity investment in Atlantic Coast Regional Fund (ACRF) to...
Ecobank Transnational Incorporated, ETI, has said its chairman, Mr. Kolapo Lawson, will step aside from the bank with immediate effect, while he is expected to retire...
Trading activities on the Nigerian Stock Exchange (NSE) closed upbeat with the All-Share Index improving by 0.67 per cent. The index grew by 249.65 basis points...
Sub-Saharan Africa’s economic growth is expected to increase to six per cent in 2014, from five per cent this year. The growth is to be supported...
The Board of Directors of the African Development Bank (AfDB) has approved a 20 million dollars equity investment in ARM-Harith Infrastructure Fund (ARMHIF). ARMHIF is a...
At a major forum convened by the World Bank Group at the just concluded IMF/World Bank Group Annual Meetings in Washington DC, bankers, financial leaders and...
The federal government acting through the Central Bank of Nigeria CBN has banned the wholesome importation of foreign currencies into the country. The Deputy Governor of...
Ecobank Transnational Inc. (ETI)’s Chief Executive Officer Thierry Tanoh denied allegations of fraud by a senior manager. “The bank’s governance norms are such today that what...
The Federal Government Monday in Abuja handed over share certificates and licences to new core owners of 15 of the 18 PHCN successor companies. The ceremony,...
When in 2004, the CBN asked Nigerian banks to put in place a management succession plan, many banks did not take it seriously. Zenith Bank in...
Four Nigerian banks may lose N88 billion in revenue to the proposed phase out of Commission on Turnover, COT, charges. This may give rise to a minimum rate...
The Central Bank of Nigeria (CBN) says it will start applying charges on withdrawals and deposits above N500,000 for individuals and N2 million for corporate bodies...