July 12, 2015/ Punch A cumulative amount of N26.75bn has been recovered from debtors of liquidated banks, the latest statistics obtained from the Nigeria Deposit Insurance Corporation have showed. The corporation, in its 2014 annual Report and Statement of Account for the banking sector, indicated that the amount was N1.44bn […]
Money Market
Naira dips Further on Black Market, Trades N240/$1
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Friday hit a new low on the black market as it traded N240 to a dollar, according to a Reuters report compared to N235 to the greenback recorded the previous session. This is coming on the heels of a government liquidity injection […]
Euromoney Names Access Bank Best Flow House in Africa
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Access Bank Plc on Thursday was named the Best Flow House in Africa accolade in the Euromoney Awards for Excellence 2015, which held at the Natural History Museum in London on Thursday. “It is the first time an African bank will be recognised […]
