Author: InvestAdvocate

Banks make fresh moves to divest from non-banking subsidiaries

By Ademola Alawiye Wednesday, 9 Feb 2011 Indications have emerged that some Deposit Money Banks that have not complied with the Central Bank of Nigeria’s directive on divestment from non-banking subsidiaries under the new banking regime to have started fresh moves to comply. Our correspondent gathered from a source at the […]

ATM guidelines: CBN introduces stiff penalties for errant operators

By Stanley Opara Wednesday, 9 Feb 2011 The Central Bank of Nigeria said on Tuesday that it had observed the lack of cooperation and deliberate attempt by some players in the electronic payment market to frustrate the policy of offsite Automated Teller Machines for deposit money banks. The apex bank said […]

Group blames regulators for slow recovery of capital market

By Agency Reporter Wednesday, 9 Feb 2011 The Independent Shareholders Association of Nigeria has blamed the regulatory authorities for the slow pace of recovery of the Nigerian capital Market. The group said that the regulators had not provided clear direction to guide the recovery of the market. The National Coordinator of […]