Nigerian Deposit Insurance Company on Thursday said that the Federal Government had concluded plans to address the challenges facing the microfinance banks. Managing Director and Chief Executive Officer of NDIC, Mr. Umaru Ibrahim, made the disclosure at the opening of a two-day workshop organised for operators in the microfinance banking […]
World News
Five U.K. Banks Must Raise Extra $21 Billion Capital
Five U.K. banks must find 13.4 billion pounds ($21 billion) to plug a 27.1 billion-pound capital shortfall by the end of the year, the Bank of England said. The five lenders, including Barclays Plc (BARC), Lloyds Banking Group Plc (LLOY) and Royal Bank of Scotland Group Plc (RBS), have already […]
Fitch Says Nigeria Rating Hindered as Government Progress Slows
Slowing progress on government reforms before 2015 elections in Nigeria, Africa’s second-largest economy, is keeping the country from getting a better credit rating, according to Fitch Ratings. “We are clearly in a pre-election period now in Nigeria and we have seen a slowdown on the reform front,†Richard Fox, Fitch’s […]
