Bank & Finance

Dec 10, 2018
The Federal Government of Nigeria says African Natural Resources and Mines Ltd’s 600 million dollars (N183 billion) investment in integrated iron ore mining processing and steel production will boost the…
Dec 10, 2018
Kenya’s Consolidated Bank said on Monday it was seeking an investor, either foreign or local, to inject 3.5 billion Kenyan shillings ($34.21 million) as part of its balance sheet reorganisation.…
Dec 05, 2018
The International Monetary Fund (IMF) has put the global debt at $180 trillion, warning highly indebted emerging-markets and low-income countries against what it termed pro-cyclical fiscal policies.   IMF Managing…
Dec 02, 2018
The Manager of Intra-African Trade Finance at the Africa Export-Import Bank (Afreximbank), Gerald Nsomba, has said the Intra-African Trade Fair (IATF) set to hold in Egypt next month will generate…
Nov 29, 2018
Commission on Wednesday handed over 116 cars and 20 properties in Edo, Rivers and Lagos States recovered from one Michael Obasuyi Osasogie to First Bank Plc.   Trouble began for…
Nov 29, 2018
Pension Funds Administrators have raised their investments in infrastructure to N17.12bn from the pension money in their custody, according to the latest data from the National Pension Commission.   Operators…
Nov 28, 2018
The Central Bank of Nigeria (CBN) on Tuesday intervened in the wholesale segment of the foreign exchange market, supplying about $100 million to dealers in that window. In the latest…
Nov 27, 2018
Australia-based Judo Capital has signed a $350 million debt facility agreement with Credit Suisse, reports Business Insider Australia. The small- and medium-sized business (SMB) lender, which launched earlier this year,…
Nov 26, 2018
The campaign group Global Witness has calculated the OPL 245 deal in 2011 deprived Nigeria of double its annual education and healthcare budget.   Eni and Shell are accused of…
Nov 25, 2018
Two of Africa’s largest mobile operators and mobile money providers, Orange Group and MTN Group, announced a joint venture, Mowali (mobile wallet interoperability). The new product aims to enable interoperable…
Nov 24, 2018
A NEW commercial bank formed by China's state owned and private enterprises open doors in Dar es Salaam Monday next week to tap into growing Chinese trade and investment in…
Nov 23, 2018
The Central Bank of Nigeria (CBN) Wednesday injected $210 million into the foreign exchange market to help stabilize the naira.   Figures from the bank showed that it offered $100m…
Nov 22, 2018
The banking sector in the U.S. has reported a combined profit of $62 billion in the third quarter of 2018.   The profit is up by 29.3 per cent from…
Nov 19, 2018
The Nigerian Federation Account Allocation Committee (FAAC) has disbursed a total of N6.226 trillion to federal, states and local governments in the country in the first three quarters of 2018.…
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