April 12, 2017/SunTrust Bank SunTrust Bank Nigeria Limited (www.SunTrust.com) has released its financial performance for the year ended December 31, 2016 and the results have sent a clear message of determination to succeed and deliver value to all stakeholders. SunTrust Bank began commercial banking activities last with the vision to […]
Money Market
South African tumult hinders Barclays’ exit from continent
April 11, 2017/Reuters By Tiisetso Motsoeneng Barclays’ plan to sell its African business and pull out of the continent are being hindered by South Africa’s political upheaval and credit-rating downgrades, according to banking sources and fund managers. The British bank gave itself 2-3 years to sell its controlling stake in […]
Nigeria naira down 1.2 pct against dollar on black market -traders
April 11, 2017/Reuters Nigeria’s naira eased 1.2 percent against the dollar on the black market on Tuesday despite the central bank’s attempt to improve dollar supply and prop up the local unit. On Monday, the bank auctioned $100 million in forwards to be settled between one week and 30 days’ […]
