The Central Bank of Nigeria (CBN) has said it is closely monitoring two deposit money banks (DMBs) following findings that their capital adequacy ratio (CAR) has fallen below the 10 per cent prudential minimum stipulated under the Basel I and Basel II framework. CAR is the ratio of a bank’s […]

The Appeal Court in Lagos has been urged to upturn the sale of Fortune Towers by Union Bank. Fortune Towers, which is located at 27/29 Adeyemo Alakija Street in Victoria Island area of Lagos, was said to have formed part of the assets of defunct Fortune International Bank Plc. The […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) said it’s investigating the technical suspension placed on the trading of shares of top tier lender Access Bank Plc by the Nigerian Stock Exchange (NSE). The commission in a statement said it’s aware that the NSE in September 2014 […]