KINGDOM Financial Holdings Limited is currently working on plans to relist its shares on the Zimbabwe Stock Exchange and is also mulling a possible listing on the Johannesburg Stock Exchange's Africa Board.

Tough rules for stock brokers.

The Reserve Bank Amendment Bill was yesterday read for the second time in the Senate and is now at the committee stage for further debate.

CENTENARY Bank is committed to providing small loans to the poor to fight poverty and improve their standards of living, Prof. Ssentamu Ddumba, the board chairman, has said.

CFX Bank that was last month convicted of fraud has been fined US$500 and ordered to restitute US$250 000 to a local company it swindled in an agricultural equipment supply deal.

The Bank of Tanzania (BoT) has provided the government with almost Sh600 billion from the stimulus package to help fill revenue collection gaps.

Wema Bank Plc has released its financial statement of the last two years. The bank said the report was a reflection of the challenging period it faced.

A change of baton has taken place in Nigeria's premier financial institution, First Bank of Nigeria Plc, as Dr. Oba Otudeko, a non-executive director, was yesterday elected as the new chairman of First Bank Plc. He takes over from Alhaji

In a bid to prevent a crisis of confidence in the eight rescued (R8) banks that have posted a total loss of N1.512 trillion, the Central Bank of Nigeria (CBN) has re-affirmed its guarantee of all inter-bank placements.

Former President of the Nigerian Stock Exchange, (NSE), Mr. Oba Otudeko, has been elected Chairman of First Bank of Nigeria Plc (FBN) by the Board of Directors of the bank.

The Federal Government of Nigeria has reiterated its readiness to partner with both international and local investors for the sustainable growth of the mining sector.

A change of baton has taken place in First Bank of Nigeria Plc, as the former president of the Nigeria Stock Exchange, an erstwhile non-executive director of UBA Dr. Oba Otudeko was elected yesterday by the Bank's Board of Directors

To say that the Petroleum Industry Bill 2009, which is currently before the National Assembly is lengthy is an understatement.

The Director General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Muhammad Nadada Umar, has called on micro finance banks in the country to charge friendly interest rates on loans granted to small businesses.

Dr. Otudeko is a seasoned banker and administrator. He was appointed to the Board of FirstBank on May 18, 1997, where he served in various capacities.

Indigenous integrated energy firm, Oando, said it has invested over N36 billion in bridging huge infrastructure gap between Nigeria's huge gas reserves and demands in the domestic market.

THE Central Bank of Nigeria (CBN) has been commended on its efforts so far, to save the banking industry.

Prospective investors in the proposed Lagos greenfield refinery have secured the support of the Nigerian National Petroleum Corporation in the project which is expected to stream by 1017.

The delayed passage of the Land Use Act sent by President Umaru Yara'dua to the National Assembly earlier in the year has raised fears amongst property developers.

House of Representatives yesterday initiated moves to curb the growing demands by states for foreign loans.