By Peter OBIORA InvestAdvocate Lagos INVESTADVOCATE)- Mustafa Chike Obi, the managing director asset management corporation of Nigeria (AMCON) Tuesday said Nigeria needs about 2 trillion naira to address its mortgage problem. Chike Obi said this in Lagos Nigeria as a guest lecturer at the Hallmark Public Policy Forum ‘’ Emerging […]
Author: InvestAdvocate
AMCON to sell Enterprise, Mainstreet banks October
The Managing Director, Asset Management Corporation of Nigeria, Mr. Mustafa Chike-Obi, has said that the agency will sell two of the three nationalised banks this year. Specifically, he said Enterprise Bank Limited would be sold in June and it would be the turn of Mainstreet in October. “We believe that […]
Naira may weaken to N170 – Merrill Lynch
A report by the Bank of America Merrill Lynch Global Research has predicted that the naira may weaken for the current levels of over N160 to N170. The report noted that although the Central Bank of Nigeria had the political will to defend the naira, the dwindling amount in the […]
