Author: InvestAdvocate

Uncertainty in political environment may affect banks’ recapitalisation – Experts

By Stanley Opara Monday, 13 Dec 2010 Indications emerged on Saturday that foreign investors’ reluctance to close deals on some of the banks rescued by the Central Bank of Nigeria last year, might be as a result of uncertainty in the Nigerian political environment. Our correspondent gathered from sources close to […]

CBN pledges support for SME growth

By Matthew Ojebola Monday, 13 Dec 2010 The Central Bank of Nigeria has affirmed its support for small and medium enterprises as part of its contribution towards SME growth in Nigeria. The Deputy Director, Other Financial Institutions Department, CBN, Mr. Yemi Bedu, said this at the Quarterly Chief Executive Officers Business […]

Inter-bank rates rise on pressure from forex market

By Ademola Alawiye Monday, 13 Dec 2010 Inter-bank rates rose last week as a result of pressure on rates from the foreign exchange market despite efforts by the Central Bank of Nigeria to douse the tightness in the market through its Open Market Operations. Available data from the FSDH Weekly Report […]