Cordros Capital/Sept; 08 2014 The Nigerian banking sector had a tough year in 2013 as a raft of regulatory changes (ATM fee cancellation, public sector CRR hike, reduction in CoT to N3/mille, increase in AMCON charge to 0.5%) negatively hit their operational capabilities. The regulatory flux and banking sector challenges […]

A leading global rating agency, Standard and Poor’s, has assigned (B/stable/B) to Skye Bank Plc in its latest rating. S&P said it based its rating of the bank on Nigeria’s positive economic prospects which will support Skye Bank’s earnings growth, capitalisation and asset quality over the next 12 to 18 […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Ecobank Nigeria announced it has signed a $20 million credit facility with Brazilian Development Bank (BNDES), according to a statement from the lender. The facility will address special funding needs of customers and non-customers of Ecobank that import goods from Brazil the statement said. BNDES, […]