In compliance with the regulations of the Central Bank of Nigeria that all banks must divest from their non-core assets in order to concentrate on its banking mandate, another arm of Guaranty Trust Bank Plc, GTHomes, has changed its identity, and is now called Imperial Homes Mortgage Bank. The Managing […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-MeriTrade online portal can offer investors in the Nigerian capital market (NCM) an opportunity to trade in shares of quoted companies with as low as 50,000 naira. Oluwole Abegunde, managing director (MD) of Meristem Securities Limited said investors can buy and sell shares of companies […]

The Central Bank of Nigeria (CBN) has approved the liquidation of 83 micro-finance banks, Alhaji Umaru Ibrahim, the Managing Director, Nigeria Deposit Insurance Corporation (NDIC), said on Tuesday in Abuja.  Ibrahim, who made the disclosure when he appeared before the Senate Committee on Banking and Currency to defend NDIC’s  2014 […]