Nigeria’s Diamond Bank is seeking regulatory approval to raise between $300 million and $400 million via a rights issue from existing shareholders, its chief finance officer said on Wednesday. “We are in the process of filing with the relevant regulatory authorities for a rights issue … which we expect to […]

Safetrust Mortgage Bank Limited plans to list its shares on the Nigerian Stock Exchange (NSE) within the next three years as the mortgage bank moves to consolidate its operations and attain a nationwide coverage. Managing director, Safetrust Mortgage Bank Limited, Mr. Yinka Adeola, said the mortgage bank has launched a […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The central bank of Nigeria (CBN) Tuesday unveiled a new code of corporate governance and whistleblowing guidelines for banks and discount houses. This is contained in a circular dated May 16, 2014 with reference number FPR/DIR/CIR/GEN/01/004 and signed by Kevin .N. Amugo, director, financial policy […]