As part of efforts to sustain the growth of the banking sector, the Central Bank of Nigeria (CBN) yesterday unveiled guidelines for operating a Holding Company (HoldCo). The HoldCo structure, which was introduced in 2010, permits banks or banking groups to retain non-core banking businesses by evolving into a non-operating […]
Author: InvestAdvocate
CRR: Banks Profits Slow Down in First Quarter
The new Cash Reserve Requirement policy by the Central Bank of Nigeria (CBN) may have started affecting the profits of some Deposit Money Banks as witnessed in the first quarter report of some banks. Three major banks who posted their first quarter result yesterday recorded huge reduction in profits compared […]
NSE Closes Ahead of Easter Holidays, All-Share Index up Slightly 0.58%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – The Nigerian stock exchange (NSE) Thursday closed ahead of Easter holidays as all-share index (ASI) went up slightly 0.58 percent (0.58%) to close week at 39,311.60, while market capitalisation increased 2.98% to close N12.928 trillion. Stock market report from the Nigerian bourse for […]
