Author: InvestAdvocate

LBIC Opts for State Mortgage License

By Our Correspondent Lagos (INVESTADVOCATE) – Lagos Building and Investment Company (LBIC) has opted for State Mortgage License following the Central Bank of Nigeria’s (CBNs) guideline that categorised Primary Mortgage Institutions (PMIs) into National and State Mortgage Firms. A Source at the Alausa Head office of the Mortgage Company who […]

IMF Advise Nigeria to Wind down AMCON

  Peter OBIORA InvestAdvocate   Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Thursday advised the Nigerian Authorities to wind down the operations of the Asset Management Corporation of Nigeria (AMCON) in order to curb moral hazard and fiscal risks.   This is part of the IMF’s Executive Board Assessment and recommendation […]