Money Market

Nigerian banks say services normal after fuel strike

May 26, 2015/Reuters Four leading Nigerian banks said on Tuesday their services had returned to normal after the end of a nationwide fuel distribution strike that had forced them to close their generator-dependent branches early the previous day. Guaranty Trust Bank, Union Bank of Nigeria, Access Bank and First Bank […]

Ecobank Nigeria gets $15m US credit line

Ecobank Nigeria says it has utilised a $15m credit line under the United States Department of Agriculture Export Credit Guarantee Programme. According to a statement by the lender, the ‘GSM 102 Programme’ provides a credit guarantee to encourage commercial financing of the US agricultural commodity exports. Ecobank said the credit […]

Zenith Bank Announces Exit of Two Directors

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Zenith Bank Plc on Friday announced the retirement of Haruna Usman Sanusi and  Chinyere Asika as non-executive directors of the bank. The bank in an issuer’s announcement to the Nigerian Stock Exchange (NSE) said the board approved the retirement at its meeting of […]