Financial market watchers have said that the inter-bank rates will drop further this week as a result of excess liquidity in the market. Analysts at FSDH, in a report made available to our correspondent, said, “We expect Open Market Operation maturity of about N249.70bn to hit the system in the […]
World News
Nigeria’s Central Bank Plans N5.0 billion Capital Base for Mortgage Banks
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday said it will set a N5.0 billion minimum Capital requirement for Mortgage Banks. This is contained in CBN’s Circular affirming it has approved an exposure draft of the regulatory and supervisory framework for the operations of a mortgage […]
Mexico, Indonesia, Nigeria, Turkey’s Per Capita Income Average $3,450.40-Report
Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Mexico, Indonesia, Nigeria and Turkey’s (MINTs) Per Capita Income (PCI) has averaged $3, 450.40 according to a March 2013 Economic Update Report from Analysts at INVESTMENT ONE Financial Services Limited. According to Analysts at INVESTMENT ONE, Per Capita Income in the MINT countries regarded as current […]
