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Banks, Investors Splash N11tn on Treasury Bills

A total of N11.089 trillion was invested in treasury bills by financial institutions and investors in 2012, data compiled by THISDAY have shown.


New Acquisition Lifts Dangote Sugar’s Share Price

Shares in Dangote Sugar Refinery (DSR) Plc closed firmer yesterday as investors reacted positively to the company’s acquisition of 95 per cent stake in Savannah Sugar...


RenCap Forecasts 17% Credit Growth in 2013

Analysts at Renaissance Capital Limited (RenCap) have predicted about 17 per cent credit growth this year.

Philip Odozua,GMD UBA

UBA Introduces MasterCard for Domiciliary Accounts

As part of its support for the Central Bank of Nigeria’s (CBN’s) cashless policy, United Bank for Africa (UBA) Plc Monday said it had added MasterCard for...


Fixed Income Securities: Stanbic IBTC allays fears over poaching

Stanbic IBTC Stockbrokers has described as unfounded the claims that its appointment as government stockbroker for FGN bonds will make it possible for it to poach the...


Banks rip off customers via ATM charges, 2 months after approving removal

Barely over two months after the Bankers’ Committee of the Central Bank of Nigeria (CBN) approved the immediate removal of N100 charge on customers who use the...


Appeal Court affirms death sentence on Rev King…may head to Supreme Court

The Court of Appeal in Lagos has affirmed the death sentence passed on the General Overseer of the Christian Praying Assembly, Chukwuemeka Ezeugo (aka Rev. King), by a...


Diamond Bank Supports Sustainable Security in Abia

Diamond Bank Plc yesterday expressed delight at the prevailing security situation in Abia state and donated five patrol vehicles to complement efforts of the state...


Citigroup May Exit Consumer Banking in More Countries

Citigroup Inc is looking to pull out of consumer banking in more countries in an effort to lower costs and boost profits, according to two people familiar with the...

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