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First Bank Eyes Equity Stake in Chinese Bank

  From in Beijing, 06.24.2010    First Bank of Nigeria Plc will record another milestone today with the opening of its representative office in Beijing, China, making it the first Nigerian bank to establish an office offering financial services to Chinese, African and other customers in the Far East.   […]

AfDB Extends $100m Line to GTBank

  By with agency report, 06.23.2010    African Development Bank (AfDB) has extended $100 million line of credit to Guaranty Trust Bank (GTBank) to fund projects in Nigeria.     According to Reuters report, GTBank intends to fund projects in Nigeria in the oil, manufacturing and transport industries.AfDB was reported […]

Central Bank Govs Converge on Abuja for D-8 Summit

  From Onyebuchi Ezigbo and Paul Obi in Abuja, 06.24.2010    In a move to expand the scope of investment among developing countries, the Federal Government is to host D-8 Summit, a group of developing countries,  in Abuja next month.     This was made known yesterday in Abuja during […]