Ecobank Nigeria has announced a 10-year partnership with MasterCard for the issuance of debit cards to the bank’s customers in the country. The deal follows a licensing agreement between the Ecobank Group and MasterCard in January to provide MasterCard payment solutions in 28 sub-Saharan African nations. According to a statement […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVPCATE)-Nigeria’s mid-tier lender, Skye Bank Plc Tuesday announced the appointment of Timothy Oguntayo as the new managing director/chief executive officer (MD/CEO) of the bank. This is coming on the heels of the retirement of Kehinde Durosinmi-Etti, the bank’s group MD/CEO which will take effect from […]

The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months. A total of 71.5 billion euros ($99.30 billion) was set aside in 2013 by […]