By YEMI KOLAPO Monday, 5 Jul 2010      The Central Bank of Nigeria and financial experts agree that the planned commencement of operations of the Asset Management Corporation of Nigeria to coincide with the conclusion of mergers and acquisitions will make the nation’s banks bounce back, […]
Author: InvestAdvocate
FAAC’s N1.9trn injection stunts interest rates in Q2
MONDAY, 05 JULY 2010 01:15 BLESSING ANARO   The second quarter of this year was one that was fluid in both local currency and foreign exchange supply. The Federation Account Allocation Committee (FAAC) released N1.9 trillion or $12.5 billion that was shared among the three tiers of government. On […]
Acquisition, mergers imminent as CBN perfects PMIs’ recapitalisation
MONDAY, 05 JULY 2010 01:13 CHUKA UROKO  A new phase is fast evolving in the Nigerian mortgage industry as the Central Bank of Nigeria (CBN) perfects recapitlisation of the primary mortgage institutions (PMIs) to N5 billion.Presently, the capital base of the PMIs stands at N100 million and this, analysts […]

