TOKYO (AP) — The former chief executive of Olympus Corp. met with Tokyo prosecutors Thursday as they probe the Japanese camera and medical equipment maker’s coverup of investment losses. A day later he plans to confront the Olympus directors who sacked him for questioning dubious deals. Japanese NHK TV showed […]

Indications have emerged that the 24 Deposit Money Banks in the country may reduce their lending rate by 30 per cent as from next year. Our correspondent gathered from a reliable source at the Bankers Committee, that the banks had unanimously endorsed an initiative by the Central Bank of Nigeria […]

Ecobank Nigeria Plc and Oceanic Bank International Limited, both subsidiaries of Ecobank Transnational Incorporated, have said that the two banks are set to merge their businesses. Ecobank, in a statement on Wednesday, said, “Following discussions between the Boards of Directors of Ecobank and Oceanic Bank, we are pleased to announce […]