Money Market

UBA Says Apollos Ikpobe Resigns from Board

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, United Bank for Africa Plc (UBA) on Wednesday announced the resignation of Apollos Ikpobe from its board. The bank in an issuer’s announcement with the Nigerian Stock Exchange (NSE) said Ikpobe’s resignation took effect from June 11, 2015. UBA affirmed that the resignation […]

FirstBank Expands to Guinea on Acquisition of ICB, Now FBNBank Guinea

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier and most valuable lender, First Bank of Nigeria Ltd said on Wednesday its expanding to Guinea following its 100 percent acquisition of International Commercial Bank (ICB) now known as FBNBank Guinea. “The launch further consolidates FirstBank’s position as the largest corporate and […]

Kenyan shilling steady, seen gaining ahead of bond sale

Mon Jun 15, 2015/Reuters The Kenyan shilling was little changed on Monday and traders said they expected it to get a boost from foreign investor dollar flows into Treasury bonds due to be auctioned later this month. At 0654 GMT, commercial banks quoted the shilling at 97.25/35 to the dollar, […]