When the Central Bank of Nigeria (CBN) embarked on the banking reform under the extant Governor, Mallam Sanusi Lamido Sanusi, some stakeholders raised questions about the genuine and intuitive intentions of the reform agenda. Suffice to note that this group of stakeholders had no fundamental understanding of the breadth and […]
Author: InvestAdvocate
Nigeria’s Exchange Index Slides by 2.3% to Close Week
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) All-Share Index (ASI) Friday declined by 2.3 percent (2.3%) to close the week Friday April 12 2013. INVESTMENT ONE Financial Services Limited Research reported that Index was down 2.30%, as investor pushed the panic button on the back of corporate […]
NDIC Pays N90bn to Depositors of Failed Banks
The Nigeria Deposit Insurance Corporation has paid N90.13 billion to depositors of the 48 deposit money banks in-liquidation in the country as at December 31, 2012. The Managing Director/Chief Executive Officer of NDIC, Alhaji Umaru Ibrahim disclosed this Friday in Benin City, Edo State, during an address he delivered on […]