Author: InvestAdvocate

N9 billion Loss: FCMB reward investors 3 for 20 bonus dividend

By InvestAdvocate Lagos (INVESTADVOCATE)-First City Monument Bank Plc (FCMB) Monday proposed to reward investors of the Bank a 3 for 20 bonus dividend in its Audited Year-end Results (Dec. 31, 2011). This is contained in the Profit and Loss Information of the Bank to the Nigeria’s Exchange and made available […]

Nigeria’s Central Bank revokes Licenses of 47 Finance Houses

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Monday revoked the Licenses of 47 Finance Companies and have warned the General Public. This is contained in a Public Notice from the CBN and obtained by www.investadvocateng.com. According to the Nigeria’s Central Bank, following the recent Routine Examination carried out […]

Review of Industry Policy on Retail Cash Collection and Lodgement

Press Release The Central Bank of Nigeria (CBN) having monitored the partial implementation of the Cash-less Policy in Lagos State and following discussions with various stakeholders on the effective implementation of the project, has decided to reassess the policy to allow for smooth transition and adoption in Lagos State in […]