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 […]

Nigerian naira traded flat against the U.S. dollar on Monday as lenders sold dollars on the interbank market to improve liquidity, shoring up the weakening local currency, dealers said. The naira had initially weakened to 161.30 in mid-day trade before some lenders started to sell the greenback on behalf of […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Enterprise Bank Limited said it has created the SimpleSave account for the unbanked. According to a Statement from the bank by Igwe Igwe, head, corporate communication and made available to InvestAdvocate, the SimpleSave account is part of the bank’s resolve to be a strong force […]