Money Market Subscribe to Money Market

N220 Billion SMEs Fund: Banks Shy Away from Lending Due to Small Margins

By Peter OBIORA InvestAdvocate katsina (INVESTADVOCATE)-Nigerian Banks are unwilling to lend from the N220 billion micro, small and medium scale enterprises development fund due to low volume and small margins,… Read more »

PoS transactions rise to N241bn in 2014 – NIBSS

Electronic payments through Point of Sale terminals have risen by 191 per cent to N241bn in 2014, a report from the Nigeria Interbank Settlement System has shown. The NIBSS is… Read more »

Naira Drops to Record as Nigeria’s Bond Yields Climb on Oil Woes

Dec 1, 2014/Bloomberg The naira weakened to a record against the dollar and the yield on Nigeria’s Eurobonds rose to an eight-month high as a slump in oil prices dimmed… Read more »

Experts predict job losses over naira devaluation

The recent devaluation of the naira will result in huge industry closures, high inflation and job losses, going by analyses provided by experts, OYETUNJI ABIOYE, ANNA OKON and FEMI ASU… Read more »

NDIC 2014 Journalists Workshop Kicks off in Katsina

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Deposit Insurance Corporation (NDIC) is set to kick-off its 2014 journalists workshop in Katsina, Katsina State, northern Nigeria. According to an invitation letter by Hadi… Read more »

Nigerian Naira Drops in Worst Month Since 2008 on OPEC

Nov 28, 2014/Bloomberg The naira posted its worst monthly drop in almost six years against the dollar and Nigerian stocks retreated for the fifth month amid tumbling oil prices. The… Read more »

UBA Wins 5 Awards, Emerges Winner ‘Bank of the Year in Africa’ for 2014

Nov 28, 2014 Press Release/UBA Plc London, England, November 27, 2014 — United Bank for Africa (UBA) Plc, one of Africa’s largest financial services institutions, swept the global banking awards… Read more »

Fitch Says Impact of Naira Devaluation Limited on Banks, FX Risks High

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Global credit rating and research agency, Fitch Ratings on Thursday said the recent devaluation of Nigeria’s local currency, the naira and hike in interest rate… Read more »

Union Bank Launches Tailored Hybrid Account for Small Businesses

Press Release/UBN Plc LAGOS – November 26, 2014 – Union Bank of Nigeria Plc. has introduced a new hybrid business account,specially tailored to cater to the needs of small businesses…. Read more »

AMCON approves Heritage’s takeover of Enterprise Bank

The Asset Management Corporation of Nigeria has approved the takeover of Enterprise Bank, one of the nationalised banks, by Heritage Bank. The corporation while announcing the completion of the sale… Read more »