Barely one month after the Central Bank of Nigeria ordered the Deposit Money Banks to keep 50 per cent of public sector funds with it, the apex bank has granted exemption to some government institutions, including the Asset Management Corporation of Nigeria and Bank of Industry. Others affected by the […]
World News
Exclusive: Societe Generale said to explore sale of Asia private bank
Societe Generale, France’s No. 2 listed bank, is exploring the sale of its Asia private banking arm, people familiar with the matter told Reuters, seeking to exit a market where small managers are getting hit by rising costs and competition. The Singapore-based division could fetch around $600 million, the people […]
Bank Deposits in Nigeria, Others to Hit $1.1tn by 2020
The Joint Chief Executive Officer, Standard Bank Group, Mr. Ben Kruger,has said despite the challenges facing the banking sector in Africa, the banking industry in 16 key African economies will expand 1.5 times faster than GDP by 2020. Kruger, who made this known at the just-concluded Standard Bank Africa Media […]
