By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Sterling Bank Plc will add 30 new branches to its network before the end of 2014, Abubakar Suleiman, chief financial officer (CFO) of the bank disclosed to InvestAdvocate via an e-mail. Suleiman made this disclosure while responding to request for clarification on […]

Oct 30, 2014/Bloomberg   Central bank rules to curb foreign-currency borrowing by Nigerian lenders threaten to halt Eurobond sales by banks in Africa’s biggest oil producer as lower crude prices heighten risks to the naira. Banks will probably turn to rights offers and naira debt rather than selling dollar bonds, […]

Oct 28, 2014/Reuters * Bank trying to ease pressures on naira, stem dollar demand * Naira down almost 4 percent this year as oil prices fall * Lenders tap international debt markets to shore up capital Nigeria’s central bank has cut the limit on banks‘ foreign currency borrowings to 75 […]