Tue Jun 9, 2015/Reuters Kenya’s central bank raised its benchmark lending rate by 150 basis points to 10 percent on Tuesday, a slightly higher increment than market expectations of action to support the battered shilling. The increase was the first rate change in two years – when rates were lowered […]

By InvestAdvocate Lagos (INVESTADVOCATE)-Pan African lender, Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, on Monday named  Ade Ayeyemi as its new Group Chief Executive Officer (GCEO). “His appointment is effective from 1 September 2015, ETI said in an issuer’s announcement to the Nigerian Stock Exchange (NSE). Ayeyemi […]

The Group Managing Director, Skye Bank Plc, Mr. Timothy Oguntayo, said the lender bought Mainstreet Bank Limited to tap opportunities in retail banking across the country. Oguntayo, who stated this at a pre-Annual General Meeting press conference in Lagos, said the bank had completed the integration of its operation with […]