Big banks discovered they wrongfully foreclosed on more than 700 military members during the housing crisis and seized homes from about two dozen other borrowers who were current on their mortgage payments, Jessica Silver-Greenberg and Ben Protess report in The New York Times. The banks  Bank of America, Citigroup, […]
World News
CBN Increases Dollar Supply by 46% on Strong Demand
The Central Bank of Nigeria (CBN) increased its supply of the United States dollar at its regulated Wholesale Dutch Auction System (WDAS) last week by 46 per cent as it offered a total of $350 million, compared with the $240 million offered the preceding week. This was as a result […]
AMCON Appoints Receiver-manager for Fiogret
The Asset Management of Nigeria (AMCON) has said it has appointed Kunle Ogunba (SAN), as the receiver-manager over “the entire undertakings, stocks, goodwill, plant and machinery, moveable and fixed assets,†of Fiogret Limited. A statement at the weekend said the appointment of the firm as the receiver of Fiogret assets […]
