Author: InvestAdvocate

BoI-Dangote Fund to create one million jobs – Aganga

By Agency Reporter The Minister of Finance, Mr. Olusegun Aganga, has said that the N5bn being provided under the BoI-Dangote Group partnership is capable of generating one million jobs. Aganga made the observation at the signing ceremony of a Memorandum of Understanding between the Dangote group and the Bank of […]

Investors lost N100bn to wonder banks – CBN

By Emmanuel Obe, Awka The Central Bank of Nigeria has said that investors have lost over N100bn to ‘wonder banks’ in the country. The Deputy Governor, Financial Systems Stability, CBN, Dr. Kingsley Moghalu, disclosed this at a lecture he delivered to mark the sixth edition of the Public Service Lectures […]

‘Mobile banking to aid 15% yearly growth in banks’

By Stanley Opara with agency report A growth of 15 per cent a year is expected until 2020 in the banking sector across Africa, with the biggest opportunities anticipated in retail banking. Consultancy Bain & Company disclosed this in a study released on Sunday, saying mobile phone banking would be […]