The Managing Director, Fidelity Bank Plc, Mr. Nnamdi Okonkwo, on Thursday attributed the bank’s unimpressive performance in 2013 to higher cost of deposits arising from tight monetary conditions. Okonkwo said this at the bank’s ‘facts behind the figures’ session at the Nigerian Stock Exchange in Lagos. He said that the […]

The Asset Management Corporation of Nigeria (AMCON) has appointed Barclays Africa Group Limited and Afrinvest as financial advisers for the divestment of its shareholding in Mainstreet Bank Limited. The corporation also appointed Banwo and Ighodalo as legal advisers on the divestment. The corporation disclosed this in a notice titled: “Invitation […]

The Association of Assets Custodians of Nigeria has said it is important for the nation to attract more of the over $120tn of investment under custody globally. The association, which said foreign portfolio investment was important to the economic development of all countries, explained that at the moment, only about […]