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ECOBANK Says Its Rapid Transfer, Fastest/Most Convenient

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Ecobank’s Rapid Transfer product is fastest and most convenient way to transfer money across Nigerian and Africa, Tony Okpanachi, deputy managing director (DMD) of Ecobank… Read more »

CBN Ban Dollar Sales as Naira Falls to Record Low

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Thursday banned the sale of dollars to importers of telecom equipment, power generators and finished products at its… Read more »

Access Bank Named Bank of the Year in Ghana

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Access Bank Plc on Wednesday emerged   “Bank of the Year 2013” in the prestigious annual Ghana Banking Awards in 2013, the… Read more »

Wema Bank Secures $10 Million Development Loan from Shelter Afrique

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s premier lender, Wema Bank Plc on Wednesday secured a $10 Million development loan from pan-African development finance institution, Shelter Afrique to boost real estate… Read more »

Bank Deleveraging in Eastern Europe Slows Slightly in Second Quarter of 2014

Oct 04, 2014 Press Release/IMF Vienna Initiative committee report also says that credit growth remains subdued. Bank deleveraging in central, eastern and south-eastern Europe (CESEE) slowed in the second quarter… Read more »

MasterCard Study Finds That Access Alone Doesn’t Drive Financial Inclusion

Ryan Erenhouse | November 4, 2014 | Insights & Research/Mastercard   MasterCard just released “A Progressive Approach to Financial Inclusion,” a study measuring adoption and degree of usage of financial… Read more »

NDIC Emerge First African Deposit Insurer to Win IADI Award

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria Deposit Insurance Corporation (NDIC) on Tuesday emerged the first African Deposit insurer to win the International Association of Deposit Insurers (IADI) award. NDIC… Read more »

CBN may tighten monetary policy this month – Report

The Central Bank of Nigeria will likely decide to tighten monetary policy in its meeting this month, if the decline in global oil prices continues, according to a new report… Read more »

Skye Bank completes payment for Mainstreet

Skye Bank Plc says it has announced the full payment of the 80 per cent balance of its purchase price for Mainstreet Bank. This is in fulfilment of the major… Read more »

Sterling Bank to Open Additional 30 Branches, Net Assets up 21.31%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Sterling Bank Plc will add 30 new branches to its network before the end of 2014, Abubakar Suleiman, chief financial officer (CFO)… Read more »