Indications have emerged that the House of Representatives may strip the Central Bank of Nigeria of its supervisory role. The Chairman, House of Representatives Committee on Banking and Currency, Mr. Jones Onyereri, said the move to strip the CBN of its supervisory role would be an integral focus of the […]
Author: InvestAdvocate
Top gainers boost market indices by 1.6%
Market indices were lifted further on Monday, following some significant rise in the prices of major stocks in the Nigerian Stock Exchange. At the close of equity trading activities, 48 stocks recorded price appreciation, while 11 stocks depreciated in value. First City Monument Bank Plc recorded the highest gain for […]
Bank of America, other banks move closer to ending mortgage mess
Bank of America Corp announced more than $14 billion of legal settlements over bad mortgages it sold to investors and flaws in its foreclosure process, taking the bank a step closer to ending the home loan problems that have dogged it for years. About $3 billion of Bank of America’s […]
