Author: InvestAdvocate

Safety may return to MFBs as CBN introduces risk management framework

  WEDNESDAY, 14 JULY 2010 01:05   HOPE MOSES-ASHIKE     It is expected that safety and sanity will return to microfinance banks (MFBs) in the country with the introduction of risk management framework by the Central Bank of Nigeria (CBN).Earlier this year, Sanusi Lamido Sanusi, the CBN governor, observed that the […]

UBA: Recovery gaining momentum – Rencap

  WEDNESDAY, 14 JULY 2010 01:16      On Tuesday, United Bank for Africa (UBA) kicked off the first half of 2010 (1H10) reporting season on a solid footing. They did this by showing that the recovery in the Nigerian banking landscape is gaining momentum. Whilst the bottom line profit figures […]

FG set to raise N105bn to finance budget deficit through sovereign bonds

  WEDNESDAY, 14 JULY 2010 01:23 BLESSING ANARO & ONYINYE NWACHUKWU     The Federal Government has concluded plans to raise N105 billion, about $700 million on July 21, its seventh debt auction this year to finance gaps in the 2010 budget.   The Debt Management Office (DMO) said it would sell […]