Deposit Money Banks (DMBs) lent N15.04 trillion as loans in the last quarter of last year, a Central Bank of Nigeria (CBN) Economic report has shown. According to the report, the figure represented a 14.9 per cent increase, in contrast to the decline of 0.5 and 1.5 per cent at […]

The European Central Bank kept interest rates unchanged as stronger inflation and economic output reduced the need for officials to take action. The Governing Council left the main refinancing rate at a record low of 0.25 percent at its meeting in Frankfurt today. The decision was forecast by 40 out […]

Ecobank Transnational Inc. (ETI), which faces allegations of senior management fraud, will hold a board meeting to devise strategy on March 11 in Cameroon, the Lome, Togo-based lender’s biggest shareholder said. “The current board urgently needs to meet to map a way forward,” Daniel Matjila, chief investment officer of South […]