Nigerian interbank lending rates fell 8.59 percentage points to an average of 10.41 percent on Friday, from 19 percent last week, after a liquidity boost from matured bonds and budget disbursals reached the banking system. The central bank paid 300 billion naira ($1.82 billion) to retire matured bonds on Wednesday, […]

Press Release/Ecobank March 21, 2014 Ecobank has rewarded winners which emerged from its Card 4 Prizes promo first monthly draws held in Lagos, Port Harcourt and Abuja. The 15 lucky winners which emerged from a transparent electronic draw witnessed by officials from National Lottery Regulatory Commission (NLRC); Consumer Protection Council […]

The Federal Reserve (FDTR)’s annual stress tests found 29 of the 30 largest U.S. banks could withstand a deep recession and still pay dividends, fueling speculation about which firms will win approval next week to raise payouts. Zions Bancorporation (ZION) is the only lender that came in below one of […]