Following the banking sector crisis, which almost led to the collapse of some financial institutions, commercial banks in the country have continued to invest heavily in risk-free fixed income securities. THISDAY research showed that a total of N2.673 trillion was invested in treasury bills by banks in 2011. The figures […]
World News
Banks develop framework to support power projects
Deposit Money Banks in the country have started a collaborative effort to develop amenable financing framework that will serve as the financial industry’s master template for the funding of the power sector. A statement made available to our correspondent on Friday said the strategic funding plan was being developed under […]
Barclays finance director Lucas, top counsel to retire
Barclays said its finance director Chris Lucas and its top legal expert are to retire, adding to change at the top of the British bank as it struggles to put a series of scandals behind it. Lucas, aged 52, has been finance director for a tough six years that spanned […]
