Author: InvestAdvocate

CBN raises mortgage banks’ capital base to N5b

  MONDAY, 21 JUNE 2010 BY CHINEDUM UWAEGBULAM, ENITAR UGWU (LAGOS) AND MATHIAS OKWE (ABUJA)     Fresh efforts by the Central Bank of Nigeria (CBN) to stabilise the nation’s financial sector have paved the way for the increase of the capital base of Primary Mortgage Institutions (PMIs) from N100 million […]

When to Change Your Stockbroker

  By Goddy Egene, 06.20.2010    When Mr. Daniel Okunana retired from a soft drink bottling company as a factory manager five months ago, he received significant sum of money as pay off by the company. As he was contemplating the kind of business to establish, an old friend of […]

AGF threatens bank over illegal COT deductions

  Jun 20, 2010 By Tordue Salem    The Accountant-General of the Federation, AGF, has threatened to shut the accounts of the Ministry of Commerce at an unnamed bank, if an illegal Commission on Turnover,COT allegedly deducted by the bank was not refunded in 48 hours.   According to the […]