By Dayo Oketola Friday, 22 Oct 2010 Nigeria‘s e-payment processing firm, Interswitch Limited, has acquired 60 per cent stake in Bankom Limited, thus holding the controlling stake in Uganda‘s only licensed interbank switch. The Managing Director, Interswitch, Mr. Mitchell Elegbe, said on Thursday that the deal was sealed in Kampala last […]

By Udeme Ekwere with agency report Friday, 22 Oct 2010 The Debt Management Office said on Thursday that Nigeria sold N122.93bn in 20-year, seven-year and three-year sovereign bond, at its 10th debt auction of the year. For the 20-year instrument, Nigeria sold N58.76bn, while N37.50bn was sold for the seven-year bond […]

By Samson Echenim Friday, 22 Oct 2010 The Managing Director of Afribank property development subsidiary, Afribank Estate Limited, Mr. Charles Njoku, has said it is inevitable for banks to hands-off property development business in the face of ongoing banking reforms. Njoku said this in an interview with our correspondent shortly before […]