By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday said it will set a N5.0 billion minimum Capital requirement for Mortgage Banks. This is contained in CBN’s Circular affirming it has approved an exposure draft of the regulatory and supervisory framework for the operations of a mortgage […]
Author: InvestAdvocate
UPDATE 1-Nigeria’s Wema Bank to raise 35 bln naira by end-April
* Wema to become national lender again * Bank was one of nine that nearly collapsed during a crisis (Adds details, background) (Reuters) – Nigerian regional lender Wema Bank said on Thursday it will complete a 35 billion naira ($220 mln) private share placement to strategic investors by the end […]
Mexico, Indonesia, Nigeria, Turkey’s Per Capita Income Average $3,450.40-Report
Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Mexico, Indonesia, Nigeria and Turkey’s (MINTs) Per Capita Income (PCI) has averaged $3, 450.40 according to a March 2013 Economic Update Report from Analysts at INVESTMENT ONE Financial Services Limited. According to Analysts at INVESTMENT ONE, Per Capita Income in the MINT countries regarded as current […]