Author: InvestAdvocate

Foreign insurers invade Nigeria through banks

  Jul 4, 2010 Patience Saghana   Foreign insurance  companies are sneakingg into the country using Nigerian banks  to sell their products in the country.A South African based insurer, Sanlam Ltd  recently teamed up with First Bank of Nigeria Plc to sell its insurance products in Nigeria.Mr Johan van Zyl, […]

Economist, Shareholders and financial analysts disregard troubled banks’ Q1 profit

  Jul 5, 2010 By Peter Egwuatu & Micheal Eboh   Economists, Shareholders and financial analysts have dismissed the perceived return to profitability of the eight troubled in their first quarter result for 2010 expressing lack of confidence in the ability of the Central Bank of Nigeria (CBN)’s rescued banks […]

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 […]