Money Market

Diamond Bank Announces Retirement of Olubola Adekunle Hassan as Director

By InvestAdvocate Lagos (INVESTADVOCATE)-Diamond Bank Plc said on Thursday Olubola Adekunle Hassan has retired from the Bank as a director effective December 21, 2016. “We request you kindly update your records accordingly,” a letter dated January 24, and signed by Nkechi Nwosu, company secretary and legal adviser said.

MPC Maintains Status Quo, Optimistic About The Future

Culled—-Proshare January 26, 2017/FDC In a widely anticipated move, the MPC maintained the status quo on all monetary policy parameters. The MPC expressed concerns about the changing global imperatives and the probability of higher volatility in markets. Its decision to be more cautious about making changes was influenced by underlying […]

AfDB approves US $90-million financial package to boost Commercial Bank of Africa’s funding of SMEs in Kenya and grow trade finance in Africa

Akinwunmi Adesina, African Development Bank President 25/1/2017/AfDB The Board of Directors of the African Development Bank has approved a US $90-million financial package comprising a US $50-million Line of Credit and US $40-million Trade Finance Line of Credit to Commercial Bank of Africa Limited (CBA), Kenya. The funding will be […]