One of Nigeria’s mid-tier lenders, Wema Bank Plc on April 09 came to the Nigerian Stock Exchange (NSE) for a “Facts behind the Figures”. Peter OBIORA of InvestAdvocate in his usual manner captured a Question and Answer Session involving Segun Oloketuyi, Managing Director and his management team on the true […]
Money Market
Few Nigerian banks may collapse in 2016 – Report
A new report by Allan Gray Group has stated that a few Nigeria banks may go bust or raise capital next year. The report, which examined the lenders’ performance as of the end of March, added that investors’ sentiment towards Nigerian banks had gone from positive to ‘outright fear.’ The […]
Union Bank Offers N4 Billion Gas Plant Facility to PNG Gas
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Union Bank of Nigeria Plc (UBN) on Friday announced a N4 billion loan to PNG Gas Ltd to finance Egboama Gas Plant. The lender in statement made available to InvestAdvocate say the facility will provide the required funding for the refurbishment […]
