Deposit Money Banks in the country have started a collaborative effort to develop amenable financing framework that will serve as the financial industry’s master template for the funding of the power sector. A statement made available to our correspondent on Friday said the strategic funding plan was being developed under […]
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Barclays finance director Lucas, top counsel to retire
Barclays said its finance director Chris Lucas and its top legal expert are to retire, adding to change at the top of the British bank as it struggles to put a series of scandals behind it. Lucas, aged 52, has been finance director for a tough six years that spanned […]
Naira drops further as CBN cuts dollar supply
The naira dropped the most in two weeks after the Central Bank of Nigeria reduced dollar supply at its bi-weekly auction on Wednesday. The currency of Africa’s largest oil producer weakened by 0.3 per cent to N157.38 a dollar as of 3pm in Lagos, the most on a closing basis […]
