Bank & Finance

Mar 08, 2019
Uncertainty continues to surround the opening for business of a number of bureaux de change in the commercial city as the regulator conducts thorough investigations into their operations. Over 50…
Mar 07, 2019
Absa Group Ltd is restructuring its South African retail and business banking unit within months of reducing the division’s management team and rolling out a new strategy. Finance labor union…
Mar 07, 2019
Guaranty Trust Bank Plc on Wednesday announced its audited results for the financial year ended Dec. 31, 2018 on the Nigerian and London Stock Exchanges.   The company in the…
Mar 07, 2019
The nation’s bourse on Wednesday reversed the three consecutive days positive trend with the market capitalisation dropping by N20 billion. The News Agency of Nigeria (NAN) reports that the market…
Mar 06, 2019
The National Bureau of Statistics, NBS, has said that the Nigerian economy recorded a total of N32.26 trillion trade in 2018.   This is contained in the fourth quarter foreign…
Mar 06, 2019
At least $16 billion has been lost by Nigeria in the last ten years due to the non-review of the 1993 production sharing formula with oil companies.   This was…
Mar 05, 2019
The Nigerias capital market on Monday closed in the positive as Bank stocks on the Nigerian Stock Exchange, NSE, rallied to reverse some of the losses recorded in the last…
Mar 05, 2019
The Federal Inland Revenue Service of Nigeria (FIRS) has disclosed that a total of N12.62 trillion was generated as revenue from  2016 to 2018.   This was revealed in a…
Mar 03, 2019
Zimbabwe’s currency devaluation last week has led to a more realistic exchange rate, yet thin trading implies the new official interbank market isn’t as free as officials suggested.   The…
Mar 02, 2019
The Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIAN) has said that the volume of fraud in Nigerian banks increased to N25 billion in the last five years.…
Mar 01, 2019
The Naira on Thursday appreciated against the dollar at the import and export (I&E) window in Lagos, exchanging at N360.99 to the dollar from the N361.18 it traded on Wednesday.…
Mar 01, 2019
Pension fund administrators in the country have invested a total of N636.99bn out of the total pension funds in their custody in banks as of the end of November 2018.…
Feb 28, 2019
At least two Kenyan cabinet secretaries are facing arrest for their alleged role in two dam projects through which public funds were misappropriated, the Star reported, citing people it didn’t…
Feb 28, 2019
Almost two decades of profligate monetary policy has destroyed Zimbabwe’s economy and fueled rampant inflation, decimating the savings of its people twice.   Hyperinflation of as much as 500 billion…
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