By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-One of Africa’s biggest lenders, Zenith Bank Plc Monday announced the appointment of Peter Olisamedua Amangbo as group managing director/chief executive officer (GMD/CEO) designate of the bank. The bank in a statement to the Nigerian stock exchange (NSE) said the appointment will take effect from […]

Central bank governors from across Africa have said appropriate mechanism should be established to tap into various sources of capital to finance Small and Medium-Scale Enterprises. They listed the alternative funding sources as Diaspora remittances, pension funds, sovereign wealth funds and excess foreign reserves. The group also identified inadequate infrastructure […]

Deposit Money Banks will need to begin aggressive moves to retain private sector customers following the recent increase in Cash Reserve Requirement of private sector deposits by the Central Bank of Nigeria’s Monetary Policy Committee. The MPC had last week increased the CRR on private sector deposits to 15 per […]