First City Monument Bank Group Plc (FCMB) said it plans to raise about $300 million of funding this year to boost consumer lending. FCMB, based in the commercial capital, Lagos, may consider issuing Eurobonds if market conditions are favorable, the bank’s Chief Executive Officer, Mr. Ladi Balogun informed Bloomberg. “Our […]

Some shareholders in the capital market have demanded better protection for investors in the country, following the disclosure by the Nigerian Stock Exchange that it is in the process of delisting 21 companies. The shareholders, who lamented that investors, especially domestic retail investors, always suffered significant losses whenever companies were […]

The Nigeria Commodity Exchange has said it will inaugurate an electronic warehouse receipt system on July 10, 2014. The Managing Director of the Exchange, Mr. Yusuf Abdurrahmin, said this in Lagos on Monday in company with the MD and Chief Executive Officer, Bank of Agriculture, Dr. Mohammed Santuraki; and the […]