Mustapha Chike-Obi, managing director, Asset Management Corporation of Nigeria (AMCON), did not mince words recently when he said the process of transition of the nationalised banks to the new owners must be transparent and credible so as to engender confidence in the investing public.

As the Central Bank of Nigeria (CBN) continues to sustain the country’s transition into a cashless economy, the value of transactions carried out monthly on the Point of Sales terminals already deployed across the nation may have hit N2.34 billion.

Ecobank Transnational Inc. (ETI), which operates in more African countries than any other lender, revealed that  it may raise $2 billion by June 2013 as it seeks further expansion in the continent.

Three associates of the former Managing Director of Finbank Plc., Okey Nwosu, who are standing trial with him for alleged N10.9 billion fraud have opted for out-of-court settlement.