Author: InvestAdvocate

Banks’ crisis: Mergers and acquisitions to be concluded in Q3 –CBN

  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, […]

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 […]