By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Bello Maccido, group chief executive officer (GCEO), of FBN Holdings Plc, said on Thursday a subsidiary of the group, Kakawa Discount House Limited, has been granted a merchant banking licence by the Central Bank of Nigeria (CBN). Maccido disclosed this at the third annual general […]

Loan default by customers made 13 Deposit Money Banks to lose a combined sum of N138bn in the 2014 financial year, according to calculations by our correspondent. Data obtained from the 2014 annual reports of the banks showed that the various losses were incurred under their respective interest expenses, which […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained its benchmark interest rate at 13 percent to preserve foreign exchange reserve that has eroded overtime and to support the weak naira. In the same vein, cash reserve requirement (CRR) […]