Culled—Proshare July 21, 2017/Skye Bank Skye Bank Plc issued this release: “Our attention has been drawn to media reports of a ruling of the Federal High Court in Lagos yesterday July 20, 2017 wherein seven commercial banks were ordered by Hon Justice Chuka Obiozor to remit a total of $793.200.000 […]
Money Market
UBA Says Do not Owe Government Money
July 21, 2017/UBA Plc Our attention has been drawn to the order of the Federal High Court in Lagos directing that seven (7) commercial banks, including UBA Plc, temporarily remit a total of $793,200,000 allegedly hidden in contravention of the Federal Government’s Treasury Single Account policy pending the determination of […]
Nigeria’s Wema bank plans equity raise next year to bolster capital ratio
20/7/2017/Reuters By Chijioke Ohuocha Nigeria’s Wema Bank plans to raise equity next year to bolster its capital ratio and cut its operating costs as its new digital strategy gains traction, a senior executive said on Thursday. The mid-tier lender said it cut loan growth this year to between one to […]
