By Ademola Alawiye with agency report The International Finance Corporation has invested N4.58bn ($29.6m) in Guaranty Trust Bank. Reuters reported on Monday that the IFC acquired 284,697,017 new shares of GTBank, which operates 183 branches in the country. IFC in July said it had received an expression of interest from […]

By Udeme Ekwere Dangote Group has announced its interest to invest N900bn in the Nigerian economy within the next one year. A statement by the company on Monday said that the fund would be used to develop and improve the agricultural sector of the economy. According to the statement, signed […]

By Ademola Alawiye As financial authorities intensify the shift towards a cashless economy in the country, some Deposit Money Banks have concluded plans to increase their minimum account opening balances. An investigation by our correspondent revealed that though only one of the banks had publicly announced its plans to increase […]