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Monthly Archives: February 2016

FCMB To Invest Outside Nigeria

First City Monument Bank (FCMB) has said it plans to expand in at least two African countries as the plunge in oil prices reduces opportunities and income for banks operating in the continent’s biggest producer of the commodity. “We have identified a key market in East Africa and another key market in West Africa,” Chief […]


Nigeria’s Oil And Gas Sector Hangs In The Balance In 2016

With fast dwindling oil price and revenue crash, investment in Nigeria’s oil and gas sector seems fragile, Chika Izuora writes. There is every reason to feel concerned about Nigeria’s oil and gas future. Experts have sounded the warning about impending dwindling activities in the industry that sustains the economy of Africa’s largest economy. Analysts have […]