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) […]
Money Market
Traditional banking to end by 2025, say experts
Information and Communications Technology experts have predicted that traditional banking will end by 2025 or 2030. According to the experts, a market economy could readily emerge without banks, as we have traditionally known them. Consequently, they urged banks to embrace technology and redefine their operation models to meet the emerging […]
Naira Falls to Record Low as Nigeria Stocks Decline
Nov 20, 2014/Bloomberg The naira slumped to a record low and stocks retreated the most in the world before Nigeria’s central bank meeting to review interest rates in Africa’s biggest oil producer. The currency fell 1.2 percent to 176 per dollar by 4:11 p.m. in Lagos, the commercial capital, a […]
