Culled—Proshare March 1, 2017/CBN Data and Method of Presentation The Manufacturing and Non-Manufacturing PMI Report on businesses is based on data compiled from purchasing and supply executives. Survey responses indicate whether there is change or no change in the level of business activities in the current month compared with the […]
Money Market
Ecobank Vital To Needbank’s African Growth Strategy
March 1, 2017/ETI South Africa’s Nedbank on Tuesday said that Ecobank Transnational Incorporation (ETI) remains vital to its expansion elsewhere on the African continent despite booking a $293 million write-down on the value of its stake in the sub-Saharan lender. Ecobank has operations in nearly 40 countries outside its home […]
Nigeria’s Zenith Bank to seek approval to raise 100 bln naira
28/2/2017/Reuters Nigeria’s Zenith Bank said on Tuesday it would seek shareholder approval next month to raise 100 billion naira ($318 million) via a combination of share or bond sale and global depository receipts. The lender also said it would seek approval to increase its share capital to 40 billion naira […]
