The Chartered Institute of Stockbrokers has said that the sustenance of the recovery in the equities section of the Nigerian Stock Exchange is a major focus for 2013. According to the institute, stockbrokers have a duty to ensure that things are put in place to boost the Nigerian market and […]
Author: InvestAdvocate
NDIC seeks W’Bank aid to amend insurance framework
The Nigeria Deposit Insurance Corporation on Tuesday said it was currently seeking aid from the World Bank to enable it develop a framework that would be used in determining the strength of its Deposit Insurance Fund. The Managing Director, NDIC, Alhaji Umaru Ibrahim, said at the International Association of Deposit […]
Corruption responsible for high lending rate  Sanusi
The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has defended the high lending rate regime in the banking sector, saying corruption is largely responsible for the development. The CBN, in performing its lender of last resort function, lends to Deposit Money Banks at an interest rate of 12 per […]
