IN A move that could be seen as an attempt to exert political pressure on big business not to support African National Congress (ANC) dissidents, the party's youth league last night sent a "strong warning" to banking group Absa.

NEDBANK's third-quarter trading update released yesterday shows it took on more deposits and grew net interest income 17,3% to R12,1bn.

THE Chief of Nkroful, Nana Nyame Blay, has made a passionate appeal to the Agricultural Development Bank (ADB), to establish a branch in the town to take care of the about 14 cocoa farming communities in his area.

STANDARD Chartered Bank has launched a promotion, code-named the 'Big Win - Yoola Omudidi 2008,' to promote a saving culture and reward customers.

The Special Representative of the United Nations Secretary General (SRSG), Madam Ellen Margaret Loj has expressed deep concern over the country's investment climate with a call that the NIC should augment its effort to attract foreign investors.

A Port-Harcourt-based Nigerian businessman, Chief Charles Obule has led other investors in the buyout of Panalpina operations in Nigeria.

INDUSTRIAL engineering company PSV Holdings said yesterday it had a forward order book of R151m, with the government's infrastructure expenditure and Eskom's upgrade programme expected to add further momentum to the group.

E-MAILS from readers are much appreciated, and, as the senders know, I reply although I don't offer investment advice. The Private Investor portfolio is a personal portfolio held in trust by Jean and me.

The government is looking for an investor to buy its Shs15 billion stake in Munyonyo Commonwealth Resort, a joint venture with Meera Investments owned by city tycoon and hotel magnate Sudhir Ruparelia, MPs heard yesterday.

THE African Export-Import Bank (Afreximbank) has given $10m to Ugandan small scale exporters.

Board of Directors of Oasis Insurance Plc has appointed Mr. Babatunde Olarinde Oshadiya as new Acting Managing Director/CEO of the company. He succeeds Mr. Segun Durojaiye, who until his resignation directed the affairs of the company for eight years.

Following the increasing interest by Nigerians abroad to take part in the Nigerian pension reform scheme, it is pertinent to note that cross-border employment often leads to loss of pension rights as a result of waiting or vested periods imposed

Conflicting claims on the state of the banks by key institutions in the financial system are far from helpful in assuaging fears occasioned by the global financial crisis that peaked in the third quarter of this year. It all started

The Federal Government has raised an alarm that with the way the Nigerian insurance industry is constituted at present, the industry is not in a position to make meaningful contribution to the government's vision in the Financial System Strategy (FSS)

Bank PHB has joined the exclusive list of Nigerian banks with total assets in excess of a trillion naira.

NEDBANK'S trading statement was the second set of quarterly figures released by one of SA's big four banks since the global financial crisis hit in September.

It is not all gloom for shareholders of PlatinuHabib Bank, who as a result of the ongoing stock market meltdown have been denied an opportunity to reap capital gains in the company's shares.

Last Saturday, Fina Bank closed the doors to its Main Branch in order to install modules that will make it possible to introduce Internet and SMS Banking by next year.

NICON Insurance Plc has commenced moves to remain a leader in the nation's insurance industry. To this end, the underwriting giant has embarked on a partnership drive with banks in line with its resolve to remain a force to be

Jack Hough: BAC is too big to fail and too cheap to snub.