By Udeme Ekwere The management of Stanbic IBTC has said that it will retain the bank’s subsidiaries under the new banking regime. This, according to a statement from the bank on Friday, will depend on the approval of the Central Bank of Nigeria. The statement quoted the bank’s Chief Executive […]

ByStanley Opara EIGHTY per cent of the over 150 million people in Nigeria have no bank accounts, the Director, United Kingdom Trade and Investment, Mr. Peter Stephenson, has said. He added that 98 per cent of Nigerians had no insurance cover. Stephenson spoke during the March Breakfast meeting of the […]

By Stanley Opara with agency report The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has said the apex bank may raise interest rates for a second time this year as higher oil prices and state spending threaten to boost inflation. Sanusi said oil price, which had reached $100 a […]