The credit monitoring climate in Nigeria is set to improve significantly as commercial banks are turning to credible credit bureau for their services. CR Services (Credit Bureau) Plc, a credit bureau company in Nigeria, said this week that it has ...
On April 4, 2011 an investment fund advised by Citi Venture Capital International (CVCI) completed an investment in Zenith Bank Plc. The transaction involved a purchase of shares from existing shareholders. CVCI was established in 2001 as part of C...
The Africa Finance Corporation (AFC) has formalised a strategic partnership with the Infrastructure Development Finance Company Limited (IDFC), through the signing of a Memorandum of Understanding (MoU) between the AFC and IDFC Capital Limited (IDF...
The direct cost of cash to the financial system may balloon to nearly N200 billion next year, unless efforts are made to reduce cash transactions in the economy. The cost was less than N50 billion in 2008. Director, currency operations department o...
The Central Bank of Nigeria needs to urgently resolve outstanding issues in the financial sector so that the sector can actively play its intermediation role in the economy. The chairman of UAC Nigeria Plc, Udoma Udoma, at the company’s annual genera...
The number of people with Internet access in Nigeria could triple over the next two years, mirroring the explosion in mobile phone usage in Africa’s most populous nation, an industry executive said on Wednesday. Funke Opeke, chief executive of the Ma...
A new subsidy regime for the electricity sector would come into operation next year, as part of efforts to step up electricity generation and improve distribution nationwide. Bolanle Onagoruwa, director general of the Bureau for Public Enterprises, w...
The holidays are almost here. With all the excitement of deciding where to go and what to do, it is so easy to overspend. Whilst we don't want you to be a scrooge, here are a few ways to manage your holiday finances and still have lots of fun. Plan ...