The Asset Management Corporation of Nigeria’s bonds acquired by the Central Bank of Nigeria has raised the central bank’s liabilities from N2.1tn in 2009 to N6.1tn in 2013, a new report released by Afrinvest has revealed. The 2014 Banking Sector report, which was released in Lagos Tuesday, disclosed that the […]

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 […]