Shareholders across the country have said they would hold the Central Bank of Nigeria (CBN) and National Deposit Insurance Corporation (NDIC) responsible for any bank failure should investors and depositors lose their money even as they expressed confidence in banks.
Following the current crisis in the capital market, experts in the nation's financial industry have faulted the Central Bank of Nigeria's (CBN) directive on banks asking them to restructure their margin facilities, stating that such action will haunt the banks
Job Mouton has been appointed as the Managing Director of Bank Windhoek Finance (Pty) Limited, the micro-lending business unit of Bank Windhoek that provides micro-financing to civil servants and several privately owned businesses.
THE Reserve Bank of Zimbabwe Bulawayo branch has unearthed a scam involving 24 employees who are alleged to have been withdrawing amounts above the daily limit of $50 000.
AFTER confirming their interest to extend their operations to Rwanda, the local automobile club (RAC) has contacted Kenya Commercial Bank (KCB) over a possible sponsorship deal of the Rwanda Mountain Gorilla Rally; the most coveted event on the national calendar.
Three staff of a new generation bank have been arrested by operatives from the Special Fraud Unit (SFU), Milverton Road, Ikoyi, Lagos, for allegedly colluding with four other persons to fraudulently transfer N419 million from dormant accounts into other corporate
Contrary to the sanguine predictions by key market operators and government officials, the Nigerian banking and finance sector is far from being immune to the turbulence in the global financial markets.
Stockbrokers have called on the Central Bank of Nigeria (CBN) to allow banks to restructure all capital market related credits into a five-year discountable instrument as a way of addressing the illiquidity in the nation's stock market.
Police arrested a key suspect in the theft of more than Sh1.4 billion from Barclays Bank Tanzania Limited, after foiling his escape bid the airport in Dar es Salaam yesterday morning.
BUSINESS confidence dived at its fastest pace in more than 18 years last month, descending to its lowest level since June 2003, the South African Chamber of Commerce and Industry (SACCI) said yesterday.
The Abia state Commissioner for Information, Culture and Tourism, Chief Ralph Ebgu, says that six investors have shown interest to participate in developing the Obuaku City Project.
President Umaru Yar'Adua has reinstated that the federal government would do everything possible to encourage and guarantee investors and their investment in the country as part of the move to achieve the set 7 point agenda.
South African dual-listed property company, Vukile, is upgrading one of the first modern shopping complexes in Oshakati, the Oshakati Shopping Centre, at a cost of N$31 million.
Over the last decade, the make-up of Africa's donors and investors has changed significantly, with newcomers from the South playing an increasingly important role. China, India, Brazil and other developing countries are providing African nations with new sources of financing
