Updates

Wema Bank plans 50bl bond to drive growth

Culled-webtvng.com Wema Bank is set to raise N50bl through the debt capital market, as part of its drive for growth and business expansion in the Nigerian financial services industry. The Managing Director/Chief Executive Officer Mr. Segun Oloketuyi disclosed this at the media roundtable today with business editors and senior correspondents […]

Power sector faces collapse as banks halt loans

22/8/2016/Punch The Deposit Money Banks are no longer willing to support power companies with loans due to the inability of the firms to meet their contractual obligations, amongst other issues, OKECHUKWU NNODIM reports The inefficiencies in the privatised power sector has made the Deposit Money Banks unwilling to provide loans […]

Emefiele emerges AACB President as confab ends in Abuja

August 20, 2016/CBN The 39th Ordinary meeting of the Assembly of Governors of the Association of African Central Bank Governors (AACB) has ended in Abuja, with the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele elected as the President of the ACCB for the 2016 – 2017 year. Elected, […]