Author: InvestAdvocate

Mortgage refinance company to get $250m IDA grant

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Monday said that the Nigerian Mortgage Refinancing Company had met the World Bank condition for the drawdown of $250m (N40bn) International Development Association’s grant. The minister, who said this while speaking at a housing stakeholders’ implementation summit in Abuja, noted that the […]

CBN: Senate begins screening of Emefiele, Adekola today

The Senate will today (Tuesday) begin the formal screening of Messrs. Godwin Emefiele and Adebayo Adekola, who have been nominated by President Goodluck Jonathan as the Governor and Deputy Governor of the Central Bank of Nigeria, respectively. This was contained in the Notice Order Paper prepared on Monday for today’s […]

FRC Invites Sanusi, Alade, Moghalu, Akingbola, 11 Others for Questioning

The Financial Reporting Council of Nigeria (FRC) will on Wednesday and Thursday grill the suspended Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi; the acting Governor of the CBN, Dr. Sarah Alade; the former Managing Director/CEO of the defunct Intercontinental Bank, Mr. Erastus Akingbola; and 13 others. […]