Author: InvestAdvocate

50% CRR: CBN exempts AMCON, BoI, others

Barely one month after the Central Bank of Nigeria ordered the Deposit Money Banks to keep 50 per cent of public sector funds with it, the apex bank has granted exemption to some government institutions, including the Asset Management Corporation of Nigeria and Bank of Industry. Others affected by the […]

Shareholders back Access Bank’s divestment from Wapic

Access Bank’s shareholders have expressed satisfaction with the divestment of its shareholding interest in Wapic Insurance Plc. A statement by the bank said the shareholders met in Lagos on Wednesday to approve the unbundling of the bank’s equity interest in Wapic Insurance to the bank’s shareholders. According to the statement, […]