Asian stock markets were mostly lower Friday after Germany continued to oppose a bigger role for the European Central Bank in managing the continent’s debt crisis and Portugal’s credit rating was lowered to junk. Benchmark crude added to gains above $96 per barrel while the dollar rose against the euro […]

Ecobank Transnational Inc. [ETI] notified the exchange that the operations of Oceanic Bank will be merged with that of Ecobank Nigeria Plc. Much in line with our expectation, find below salient point of the scheme of arrangement;   Ecobank Nigeria Plc will be delisted because ETI’s stake in Ecobank Nigeria […]

Nigeria sold 110.85 billion naira ($693.90 million)in short-dated treasury bills at an auction on Thursday, with yields falling sharply compared to the trend at the previous auction, the central bank said. The central bank sold 29.64 billion naira of 91-day treasury bills at 13.90 percent, down from a 15 percent […]