Ecobank Nigeria Plc and Oceanic Bank International Limited, both subsidiaries of Ecobank Transnational Incorporated, have said that the two banks are set to merge their businesses. Ecobank, in a statement on Wednesday, said, “Following discussions between the Boards of Directors of Ecobank and Oceanic Bank, we are pleased to announce […]

By InvestAdvocate Lagos (INVESTADVOCATE)-The Board of Directors of Guinea Insurance Plc operating on the Insurance Sector of the Nigerian Stock Exchange (NSE) Wednesday announced the disengagement of Ekerete Ola Gam-Ikon, its Executive Director (ED) Marketing.  This was contained in a notice dated November 23 2011 by the Company to the […]

The Nigerian naira eased against the U.S. dollar on both the interbank market and at a bi-weekly auction on Wednesday as the central bank again failed to meet demand for the greenback.  The naira closed at 159.75 to the dollar on the interbank market compared with Tuesday’s close of 158.90 […]