By Emele Onu, 07.22.2010  The International Finance Corporation (IFC) is to invest $170 million in First City Monument Bank (FCMB), a move the bank said is strategic for its next expansion programme.Managing Director and Chief Executive of the bank, Mr Ladi Balogun, said of the total fund, the […]
Author: InvestAdvocate
Banks, CBN Plan N1.5trn Fund to Acquire Bad Debts
From James Emejo in Abuja, 07.22.2010  Banks and the Central Bank of Nigeria (CBN) yesterday, in Abuja, unanimously agreed to contribute N1.5 trillion (about $10 billion) over the next 10 years to fund the newly established Asset Management Corporation of Nigeria (AMCON) set up to buy bad debts […]
Unclaimed dividends, balances bill passes through 2nd reading at National Assembly
Peter OBIORA, INVESTADVOCATE Writer, On Wednesday July 21, 2010, 16:30 GMT  LAGOS – A Bill on Unclaimed dividends and balances has passed through it seconding reading at the National Assembly in Abuja Nigeria. Sir Sunny Nwosu, Shareholder Leader and National Coordinator, Independent Shareholders Association of Nigeria (ISAN) confirmed […]
