The commencement of sales of foreign exchange forwards earlier scheduled to start from Tuesday, 16th March, 2011 has been rescheduled to start on Wednesday, 23rd March, 2011. The postponement is necessitated by the introduction of Reserve Averaging which took effect on Wednesday, 9th March, 2011 and being new to the […]

By MOSES EBOSELE AND HELEN OJI Shareholders of the six rescued banks, yesterday, appealed to the Central Bank of Nigeria (CBN), to carry Nigerians along in its alleged bid to sell the financial institutions. Numerous shareholders are also appealing to the Director-General of the Securities and Exchange Commission (SEC), Arunma […]

March 16, 2011 FirstRand, South Africa’s No.2 banking group, is in advanced talks with Nigeria’s Sterling Bank over making a strategic investment in the lender, banking sources familiar with the deal said. Managing Director Sizwe Nxasana, who took over the reins of FirstRand over a year ago, told Reuters last […]