A finance consultant, Mr. Nuhu Danjuma, says Nigeria is the largest microfinance market in Africa, but that the sector has never benefited from cheap capital. Danjuma told the News Agency of Nigeria in Abuja on Thursday that high interest rate charged on loans by the microfinance banks was because they […]

Shareholders of Fidelity Bank Plc have approved a total dividend payout of N4.05bn proposed by the Board of Directors of the bank for the financial year ended December 31, 2011. The amount, which translated to 14 kobo per share, will be posted on May 23, 2012, according to the bank. […]

Facebook Inc priced its initial public offering at $38 a share, giving the world’s No. 1 online social network a $104 billion valuation in the third largest offering in U.S. history. The offering puts the eight-year-old company, founded in a Harvard dorm room, a valuation akin to that of Amazon.com […]