African governments with large foreign reserves in western banks have been urged to keep such reserves with African Financial Institutions (AFIs).

Interswitch, an e- payment and switching company, has deployed Gemalto’s Dexxis Instant Issuance solution to to accelerate banks’ migration to its chip and PIN Verve paymnet card.

Actis, a private equity    investor in developing countries’ capital market, has restated its commitment to the development of emerging markets in Africa and around the world, through partnering with Small and Medium Scale Enterprises (SMEs) in these countries, by helping them achieve their growth plans and contributing positively to the economic development of their various […]

An expert in the Nigerian financial market, Mr. Akin Oladeji, has tasked banks in the country on the need to cooperate with the newly introduced credit bureaus, in order to address the issue of bad loans in the nation’s financial system.

ABUJA -THE Independent Petroleum Marketers of Nigeria have file a petition before the Economic and Financial Crimes Commission against some officials of the Pipeline and Products Marketing Company for alleged fraud and sharp practices in the distribution of petroleum products.

As part of efforts aimed at assisting the Nigerian capital market to attain full recovery to sustain its pivotal role in the nation’s economic development, The Nigerian Stock Exchange (NSE) has concluded arrangements to host the Chief Executive Officers (CEOs) of all its quoted companies.

Ecobank Nigeria Plc announced a not too impressive financial performance for its 2008 financial year, released last week. It recorded a significant decline in its bottom line, as its Profit After tax (PAT) dipped by 71.43 per cent.

Citi Foundation has awarded Growing Businesses Foundation (GBF) a grant of $35,000 (N5.11 million) for the implementation of the 2009 Citi Micro Entrepreneurship Awards (CMA) scheduled to hold at the end of the year.

The Federal Government and the United Nations Industrial Development Organisation (UNIDO), have earmarked the sum of N10 billion to construct and equip a world class metrology facility for Standards Organisation of Nigeria (SON).

The Naira appreciated further against the dollar in the parallel market gaining 150 kobo last week. The currency also gained five kobo at the official market following sharp fall in amount of foreign exchange sold by the Central Bank of Nigeria (CBN)