25/4/2016/Reuters The Nigerian government will allow cash-strapped states to defer deductions for loans in March so that they will have sufficient funds to pay salaries, the finance ministry said on Monday. The government will instead make loan repayments to bondholders on the states’ behalf, the ministry said. Deductions of 10.9 […]
Updates
AfDB’s approval of US $25-million Trade Finance Facility to CABS to boost Zimbabwe’s local firms
25/4/2016/AfDB The Board of Directors of the African Development Bank (AfDB) approved a US $25-million Trade Finance Line of Credit facility to Central Africa Building Society (CABS) of Zimbabwe on April 20, 2016. This medium-term facility will help to support the expansion of CABS’ operations as a provider of trade […]
Access Bank Says Q1’16 Pretax Profit up 37.5% to N22.58 Billion
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Access Bank Plc on Monday said its pretax profit for the period ended March 31, 2016 climbed up 37.5 percent to N22.582 billion from N16.517 billion posted a year ago. Similarly, profit after tax (PAT) of the bank rose 46.15 percent to N19.418 […]
