The shareholders of WAPIC Insurance Plc, an arm of Access Bank Plc, have approved its merger with Intercontinental Properties Limited. This was in line with the ongoing restructuring of Access Bank Plc, in compliance with the Central Bank of Nigeria’s regulation on the scope of banking activities in the country. […]
Author: InvestAdvocate
Investment of SWF to begin March 2013 – FG
The Federal Government on Thursday said it would from March 2013 begin the investment of the Sovereign Wealth Fund as mandated by the Act setting it up. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, said this in a statement issued by her Senior Special Assistant on Communications, Mr. Paul Nwabuikwu. […]
Naira Advances 2nd Day as Yields Drop to Record Low at Debt Sale
The naira advanced for a second day after investor inflows into a Nigerian bond auction pushed yields to a record low. The currency of Africa’s biggest oil producer rose 0.2 percent to 157.5 a dollar at 11:14 a.m. in Lagos, the commercial capital. The naira has gained 3.1 percent this […]
