The Asset Management Company of Nigeria (AMCON) said on Monday it was seeking prospective investors to buy 100 percent of its shareholding in Enterprise Bank, the first of Nigeria’s three nationalised lenders to be put up for sale. “Bad bank” AMCON, which holds non-performing assets of troubled banks, in July […]
World News
Unity Bank Appoints Acting MD
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The board of directors (BODs) of Unity Bank Plc has announced the appointment of Rislanudeen Muhammad as acting managing director (Ag MD) of the bank with effect from Wednesday August 28, 2013. This is coming on the heels of the voluntary retirement of Ado Yakubu […]
Naira Hits Year Low as Market Waits on Central Bank: Lagos Mover
Nigeria’s naira retreated for a third day, set for its lowest closing level in more than a year, in the absence of central bank intervention and foreign-exchange sales from oil companies. The currency of Africa’s biggest crude producer declined 0.7 percent to 163.35 per dollar as of 2:24 p.m. in […]
