Asset & Resource Management Company, an investment services company, has said the ongoing rights issue of Sterling Bank Plc provides investors with a highly attractive opportunity. According to an ARM rating explanatory note, the right issue’s price places a “buy†on the stock at the given the intrinsic potential of […]
World News
IMF Asia Pacific Director Anoop Singh Set for Retirement
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Anoop Singh, Director of the Asia and Pacific Department at the International Monetary Fund (IMF) is set for retirement. Singh Friday sent a notice to Christine Lagarde IMF Managing Director (MD) signifying his intention to retire from the Fund in coming months. According […]
Severe Sanction Awaits Defaulting Banks on 50% CRR
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday announced that severe sanctions awaits defaulting banks on the newly introduced 50 percent (50%) cash reserve requirement (CRR) on all public funds deposits in the banks. This is contained in a circular with reference number BSD/DIR/GEN/LAB/06/034 dated July […]
