Nov 24, 2014/Reuters Separate but converging efforts are underway in Islamic finance to help develop globally accepted alternatives to conventional repurchase agreements, as the industry tries to crack one of its greatest structural limitations. In the last several years Islamic banks have grown faster than conventional ones, partly because of […]

Depositors have yet to claim about N25bn recovered from the 48 failed banks in the last 25 years, the Nigerian Deposit Insurance Corporation has said. The Managing Director, NDIC, Alhaji Umaru Ibrahim, who disclosed this at a sensitisation programme for stakeholders in Ado-Ekiti, said about N102bn had been paid to […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI) is considering selling a stake in Ecobank Nigeria in order to raise about $500 million to shore up the capital base of its Nigerian subsidiary, according to a Bloomberg report. The report quoted Albert Essien, chief executive officer (CEO) […]