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Ecobank Says Retiring Albert Essien to Act over 2-month Transition Period

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group said on Wednesday that Albert Essien, its outgoing group chief executive officer (GCEO)… Read more »

Nigeria Central Bank Said to See Naira Rout If Curbs Removed

June 23, 2015 by Paul Wallace & Emele Onu/ Bloomberg Nigeria’s central bank outlined concerns at a meeting with bankers last week that removing naira trading curbs may cause the… Read more »

Heritage Bank invests $2bn in project financing

Heritage Bank says it has invested over $2bn in the equity and project financing market since its inception. The lender said the amount was arranged through debt facilities as lead,… Read more »

AMCON’ll support banks to raise fresh capital –Chike-Obi

The Managing Director, Asset Management Corporation of Nigeria, Mr. Mustafa Chike-Obi, tells OYETUNJI ABIOYE that the bad debt manager is not in a hurry to sell its shares in banks,… Read more »

Nigeria cbank calls Friday meeting with banks on FX rules – banking sources

Thu Jun 18, 2015/Reuters Nigeria’s central bank has called a meeting with chief executives and treasurers of commercial lenders on Friday to discuss issues surrounding its policy on the foreign… Read more »

Nigeria raises 144 bln naira in Treasury bills; yields mixed

Thu Jun 18, 2015/Reuters Nigeria raised 143.64 billion naira ($723 million) in Treasury bills with mixed yields, the central bank said on Thursday. Total bids for the notes stood at… Read more »

UBA Says Apollos Ikpobe Resigns from Board

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, United Bank for Africa Plc (UBA) on Wednesday announced the resignation of Apollos Ikpobe from its board. The bank in an issuer’s announcement… Read more »

FirstBank Expands to Guinea on Acquisition of ICB, Now FBNBank Guinea

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier and most valuable lender, First Bank of Nigeria Ltd said on Wednesday its expanding to Guinea following its 100 percent acquisition of… Read more »

Kenyan shilling steady, seen gaining ahead of bond sale

Mon Jun 15, 2015/Reuters The Kenyan shilling was little changed on Monday and traders said they expected it to get a boost from foreign investor dollar flows into Treasury bonds… Read more »

South Africa’s rand weakens; focus on Greece, Fed

Mon Jun 15, 2015/Reuters South Africa’s rand weakened against the dollar early on Monday as demand for riskier assets waned after the latest talks aimed at ending Greece’s debt crisis… Read more »