Money Market

Ecobank to Halt Africa Expansion-CEO

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender Ecobank Group has said it will halt its strategy of rapid expansion across Africa and focus on existing businesses, especially in Nigeria, Ghana, Angola and Kenya, Albert Essien,  chief executive officer said on Sunday according to a Reuters report. The report said Essien […]

AMCON Names Skye Bank Buyer of Mainstreet

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Asset Management Corporation of Nigeria (AMCON) on Saturday named mid-tier lender, Skye Bank Plc as buyer of nationalised bank, Mainstreet Bank Limited, the Corporation said. According to a statement from the Asset Management Company, Cedar One Investment Partners Limited is the first reserve bidder […]

Union Bank Awarded with PCI DSS Certification

Press Release LAGOS- October 3, 2014 – Union Bank of Nigeria Plc is now certified with the Payment Card Industry Data Security Standard (PCI DSS). PCI DSS is a global security standard for protecting card data, created by leading card companies Visa, MasterCard, American Express, Discover and JCB. The Bank […]