The Nigeria Deposit Insurance Corporation, NDIC has disclosed that plans are underway to prosecute operators and debtors who contributed to the collapse of 103 Micro Finance Banks (MFBs) in 2012. The Managing Director / Chief Executive Officer, Alhaji Umaru Ibrahim, who revealed this, said NDIC in collaboration with judiciary and […]
Author: InvestAdvocate
Foreign investors seen warming to Nigeria’s power sector-official
* Most power assets have so far gone to local oligarchs * Power task force head says foreign interest growing * Nigeria selling sector to try to end crippling blackouts The initial sell-off of state power assets, designed to end decades of electricity shortages, mostly attracted local oligarchs, while foreign […]
Standard Chartered, DBS, HSBC among bidders for Societe Generale Asia private bank: sources
Standard Chartered PLC (STAN.L), DBS Group Holdings Ltd (DBSM.SI) and HSBC PLC (HSBA.L) have submitted first round bids for Societe Generale’s (SOGN.PA) Asian private bank valued at $600 million, people involved in the sale told Reuters. SocGen, France’s second-largest bank by market capitalization, is selling the unit as part of […]
