Union Bank to Raise $164m to Bolster Capital Buffers

Union Bank of Nigeria plans to raise 50 billion naira ($164 million) by the end of the second quarter via a rights issue to boost its capital adequacy and tap

Investors On Edge Ahead of NFP

FXTM Research Analyst Lukman Otunuga comments on Gold charged to a fresh 5 month high at $1269 during early trading on Friday after reports were released that the U.S

N’Korea Hackers Attack Nigerian Banks, Others – Report

A report from a Russian online cyber security firm, Kaspersky, has observed that North Korean hackers are allegedly attacking banks in 18 countries, including Nigeria.

Financial Institutions Risk Revenue Loss from Fintech

Large financial institutions across the world could lose 24% of their revenue to financial technology companies over the next three to five years, according to a new

FBN Merchant Bank Enlightens Teachers, Students on Savings, Investment

In line with the commitment to promote financial literacy and encourage a strong savings culture among children, FBN Merchant Bank Limited, a subsidiary of the FBN

Renaissance Capital Announces Executive Management Appointments

Renaissance Capital, the leading emerging and frontier markets investment bank, is pleased to announce a series of executive management changes. Christophe Charlier has

Hussein Sayed, chief market strategist at FXTM

Appetite to Risk Evaporated as Fed Signalled Double Tightening Whammy

FXTM Chief Market Strategist Hussein Sayed comments on the biggest one-day reversal in 14 years was significant enough to make headlines, but overall, markets still

Godwin Emefiele, Governor, Central Bank of Nigeria

CBN’s Test Shows 3 Banks in Trouble

The Capital Adequacy Ratios (CARs) of three big banks have fallen below regulatory capital requirement, the result of stress test conducted by the Central Bank of

Kemi Adeosun, finance minister

FG Approves $1.3Bn Take-off Grant for Development Bank of Nigeria

The Federal Executive Council has approved a 1.3 billion dollars loan credit facility for the commencement of the Development Bank of Nigeria. The approval came on the

FXTM: Markets Enter Q2 On a Mellow Note

FXTM Research Analyst Lukman Otunuga comments on the Greenback cruised into the second quarter of 2017 with style as bulls propelled prices towards 100.60 amid the