BANKING

Analysts have unanimously placed a BUY rating on the stock of United Bank for Africa Plc (UBA), the lender with 19 branches across Sub Saharan Africa, amid creeping inflation, forex...

Guaranty Trust Bank plc  has redeemed the outstanding portion of the $500,000,000.00 Eurobond Notes due May 19, 2016. In February 2016, the bank successfully issued a Cash Tender Offer to...

Heritage Bank is set to launch a comic book to drive financial inclusion among children. The launch of the book is one of the highlights of the bank’s Children Banking...

Ecobank Transnational Incorporated (ETI) , parent company of the Ecobank Group, and Old Mutual Emerging Markets (OMEM), a part of the Old Mutual Group, have announced an enhanced strategic agreement...

Nigeria's overnight interbank rate rose marginally on Friday to an average of 9 percent, up from 8.5 percent at last week's close, due to lower banking system liquidity and expectations...

Fidelity Bank Plc has reaffirmed its commitment towards supporting the federal government drive to bridge the housing gap in the country. Managing Director, Fidelity Bank Plc, Mr. Nnamdi Okonkwo made...

Mrs Nwanna Joel-Ezeugo, the acting Managing Director, Accion Microfinance Bank (MFB), has backed calls by stakeholders for the consolidation of micro-finance banks in the country. Joel-Ezeugo expressed the support in...

Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money...

In order to promote public and private partnership for quality health services, capacity building and research in West Africa, the Institute of Human Virology, Nigeria (IHVN) is collaborating with Access...

Medium and small deposit money banks are seen to be vulnerable to credit and concentration shocks according to stress tests conducted by the Central Bank of Nigeria (CBN) as their...