ABANK overdraft is a temporary loan banks give to individual and corporate account holders that enable them withdraw funds above the balance available in the account. Thus, an overdraft allows the individual to continue withdrawing money even if the account has no funds in it or not enough to cover the withdrawal.

THE contributions of Sterling Bank Plc to the growth of the agriculture sector in the country has been recognised as the financial institution received the Agric Bank of the Year Award.

The capital market benefits from flow of fund in the economy, and up till now, the fifth month into the year, the 2017 budget, which is supposed to spur spending in the economy has just been passed, but yet to be signed by the president. Aigboje Higo, Managing Director, Capital Bancorp Plc, x-rays the impact […]

The plan by Unilver Nigeria Plc to divest from its spread business will help the company to maximise value for all its stakeholders, say capital market operators.

The United States said on Saturday the world’s other rich economies were getting used to the policy plans of President Donald Trump, but Europe and Japan showed they remained worried about Washington’s shift.

THE National Association of Microfinance Banks (NAMB) Enugu State chapter, weekend, said that micro small and medium enterprises (MSMEs) have developed a phobia for accessing funds from Microfinance Banks (MfBs) due to unstable or unpredictable foreign exchange regime likely to hamper repayment capacity.

The capital market benefits from flow of fund in the economy, and up till now, the fifth month into the year, the 2017 budget, which is supposed to spur spending in the economy has not been passed. Aigboje Higo, Managing Director, Capital Bancorp Plc, x-rays the impact on the stock market and several other issues.

Ikeja Electric occupies a prime position in electricity distribution in Nigeria, being host of the most industrialized part of the country. The Acting Managing Director/Chief Executive Officer, Mr. Anthony Youdeowei, in this interview with Sebastine Obasi, Ediri Ejoh and Prince Okafor, talks about the intricacies involved in supplying electricity to the various customers of the […]

THE upward trend in cost of funds in the interbank money market last week, will persist this week, due to outflow of N140 billion for FGN bond sale.

THE complexity of Solvency II reporting will scare investors from the insurance sector in European Union, according to a joint report from Autonomous Research and Willis Towers Watson.

THE Nigerian Insurers Association (NIA) has harped on the need for complete autonomy and capacity building for insurance regulators in the Africa.

It is also worrisome that the public wrongly assumes that the hundreds of billions of Naira borrowed annually, with such high costs, are actually applied to improve social infrastructure

SHAREHOLDERS of Custodian and Allied Insurance Plc are to get a final dividend of 18 kobo per share after an interim dividend payment of seven kobo per share in September last year.

Well, in my view, the results so far released by some of the banks show improved performance. The earnings of most banks whose results were released to the NSE went up, but their profits did not rise like their gross earnings, an indication that cost of operations affected the bottom line.

TO obtain credit facilities from Microfinance Banks (MfBs) in the country, applicants, prospective customers and individuals must meet certain criteria to qualify for funding to grow their businesses.