Europe’s banks are being told to increase their capital by a total of 114.7 billion euros, more than predicted two months ago, to make sure they are strong enough to withstand the euro zone debt crisis, two financial sources told Reuters on Thursday. The industry’s capital shortfall is almost 8 […]

The Nigerian naira eased against the U.S dollar on Thursday to its weakest in nine weeks as robust demand for the greenback from some end-users stocking up for Christmas sales and those excluded from the official window overstretched supply.  The local currency was trading at 162.45 to the dollar on […]

The Nigeria Deposit Insurance Corporation on Wednesday handed over Hallmark Homes Limited to Centage Savings and Loans Limited as a going concern. The exercise, according to the Managing Director, NDIC, Mr. Umaru Ibrahim, will allow the 1,630 depositors of the Hallmark Homes verify their deposits worth N752m with the new […]