The amount of cash bank customers withdraw from other banks’ Automated Teller Machines on monthly basis rose from N91bn in January 2013 to N168bn in December 2013, data compiled by the Committee of E-Banking Heads have shown. The figure represented a 172 per cent increase over a period of one […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Umaru Ibrahim,  managing director (MD) of the Nigeria Deposit Insurance Corporation (NDIC) has advised pan African lender Ecobank Transnational Incorporated (ETI) to ensure operational independence of its Nigerian subsidiaries. Ibrahim said this in a statement by Hadi Birchi, head, communication & public affairs of […]

Nigeria’s naira firmed against the U.S. dollar on Monday, after some offshore funds bought the local currency to participate in the debt market in Africa’s biggest economy, dealers said. The local unit closed at 162.36 naira to the greenback, marginally firmer than Friday’s close of 162.40 naira. Dealers said the […]