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Bank lending should rise significantly in the second quarter of the financial year once the April 2011 elections, which have prompted a slowdown, are over, according to Bisi Onasanya, group managing director and chief executive officer of First Bank Nigeria. Mr Onasanya told Oxford Business Group (OBG), a consultancy firm, that financial risk exercises undertaken last year by the Central…

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Operators at the Nigerian Stock Exchange (NSE) are optimistic that some of the successes recorded at the just concluded elections in the country should restore investors’ confidence and further boost market performance. Finance analysts at Vetiva Capital Management Limited, a financial service company, said the market is expected to perform better in the coming months, barring any negative surprises on…