archiveJuly 20, 2016

Sterling Bank Plc has ended talks to buy Keystone Bank Limited after finding it an unsuitable fit and is now focused on raising funds as it considers other acquisitions, its Chief Finance Officer, Abubakar Suleiman, said on Tuesday according to Reuter’s report. “We reviewed Keystone Bank and concluded the strategic...

Ecobank Transnational Incorporated (ETI), its Nigerian subsidiary Ecobank Nigeria and the Bank of Industry (BoI) have signed a memorandum of understanding to cooperate in deepening financial services delivery to micro, small and medium enterprises in Nigeria. A statement from the bank explained that the partnership has the potential of bringing...

The Nigerian Content Development Monitoring Board (NCDMB) and the Bank of Industry (Bol) on Tuesday sealed a $100 million Nigerian Content Intervention Fund (NCI Fund) which is expected to bring Nigeria’s oil and gas industry into a new phase of development. The NCI Fund is a pool made available by...

  The Acting Director-General of Bureau of Public Enterprises (BPE), Dr. Vincent Akpotaire has called for the separation of the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR). According to him, the oil and gas industry is not efficient and effective because PDR which is the...