JPMorgan Chase & Co is in talks with government officials to settle federal and state mortgage probes for $11 billion, two people familiar with the matter said on Wednesday. The sum could include $7 billion in cash and $4 billion for consumers, said the sources, who asked not to be […]
Author: InvestAdvocate
Private jet owners to pay $4,000 luxury tax
The Federal Government has imposed a luxury tax on private jet owners and operators in the country. As a result, the Nigeria Civil Aviation Authority has directed the owners and operators of private jets to pay the sum of $4,000 for every flight departure within the country. According to a […]
Risk management in banks at rudimentary stage  CBN
The Central Bank of Nigeria on Wednesday said risk management practices among financial institutions in the country was still at a ‘rudimentary stage.’ The Deputy Governor, Financial System Stability, Dr. Kingsley Moghalu, in a keynote address at the Moody’s Analytics 2nd Annual West Africa’s Risk Management Conference in Lagos, said […]
