Author: InvestAdvocate

CBN may revoke licences of 16 PMIs

By Okechukwu Nnodim The licences of 16 Primary Mortgage Institutions operating in the country may be withdrawn by the Central Bank of Nigeria if they fail to meet stipulated requirements in the next 30-days. The apex bank said in an advertorial published Thursday (today) that the affected PMIs had ceased […]

FG will withdraw fuel subsidy – Okonjo-Iweala

By Ifeanyi Onuba, Abuja The Federal Government has concluded plans to completely withdraw subsidy on petroleum products, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said. The minister, who said this in Abuja on Wednesday while unveiling her economic blueprint for the nation, however, did not give any timescale for […]

Banking Sector’s Consolidation and Economic Growth

By Kingsely Okwu   NIGERIA is not alone as it faces up to the challenges of the global economic crisis. We have already seen a multitude of different approaches to resolving the financial crisis as governments around the globe look to come to terms with the unprecedented financial conditions that […]