The Central Bank of Nigeria will likely decide to tighten monetary policy in its meeting this month, if the decline in global oil prices continues, according to a new report by Ecobank Research. Ecobank in the report says there is a strong possibility of further direct tightening by raising the […]

Skye Bank Plc says it has announced the full payment of the 80 per cent balance of its purchase price for Mainstreet Bank. This is in fulfilment of the major requirement for its acquisition of 100 per cent shares of the bank from the Asset Management Corporation of Nigeria. The […]

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 […]