By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria Deposit Insurance Corporation (NDIC) said 64 percent of bank frauds and forgeries in 2014 were largely committed by temporary staff, clerks and tellers. Umaru Ibrahim, the managing director/chief executive officer (MD/CEO) of NDIC made this disclosure in his keynote address presented at the […]
Capital Market
Access Bank Says 9-Months Pretax Profit up 45%
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Access Bank Plc said on Wednesday its pretax profit for the period ended September 30, 2015 climbed up 45 percent to N60.37 billion from N41.74 billion recorded a year ago. Similarly, post tax profit grew 38 percent to N48.09 billion from […]
Ugandan central bank raises benchmark lending rate to 17 pct
October 20, 2015/Reuters Uganda’s central bank raised its benchmark lending rate by one percentage point to 17 percent on Tuesday to stave off inflation, the bank’s governor said. Policymakers in the east African nation started tightening monetary policy in April after the shilling weakened sharply against the dollar. Five hikes […]
