Money Market

Tigo Tanzania Show-Cases Transformative Financial Inclusion, Innovative Services at the M360 Africa GSMA Conference

August 2, 2016/Tigo Millicom, of which Tigo is a subsidiary, was the Platinum Sponsor of the three-day Mobile 360 Africa international summit Tanzania’s leading digital lifestyle company, Tigo  has outlined its strategic priorities that are meant to drive the company’s long-term social investment objectives. Speaking at the just-ended Global System […]

Nigeria tells banks to make extra provisions on dollar loans immediately

August 01, 2016/Reuters By Chijioke Ohuocha Nigeria’s central bank has told commercial lenders to set aside extra provisions against their dollar loans immediately in the wake of the sharp fall in the naira. The local currency has dropped 40 percent since June, when Nigeria ditched its 16-month-old peg of 197 […]

Mergers, acquisitions likely in banking sector – Rewane, Utomi, others

August 1, 2016/Punch Oyetunji Abioye with agency report A natural consolidation in form of mergers and acquisitions is likely in the Nigerian banking sector, economic and financial experts have predicted. They said with the myriads of challenges facing the nation’s economy, some banks were likely to experience some challenges that […]