MONDAY, 12 JULY 2010   Emerging Africa Infrastructure Fund (EAIF), has increased its funding capacity to $600 million, following the signing of a new credit line with the International Finance Corporation, African Development Bank and the Austrian Development Bank.   This is the third occasion on which EAIF has […]

  By Emele Onu, 07.11.2010    The Nigeria Deposit Insurance Corporation (NDIC) has called on the Management of Ecobank Plc to conclude payments to all depositors of the acquired African International Bank Limited (AIB).   The bank is yet to pay about N1.6 billion, out of the N10.9 billion deposits […]

  By Emele Onu, 07.11.2010    The Central Bank of Nigeria (CBN) has removed some of the restrictions it imposed on the credit operations of banks by amending relevant portions of the Prudential Guidelines that became effective May 1, this year.   Going by the new Prudential Guidelines circulated to […]