Press Release/IMF A team from the International Monetary Fund (IMF), led by Paolo Mauro, visited Tanzania during February 12–25, 2014. The mission completed the assessment of the recent performance under the Standby Credit Facility (SCF) and discussed a possible new Policy Support Instrument (PSI) program.[i][i] The mission met with Hon. […]
Capital Market
Wema Bank gets April deadline to restructure capital
The Nigerian Stock Exchange (NSE) has given Wema Bank April 2014 deadline to restructure its capital to comply with the minimum requirement of 20 per cent free float of shares of companies listed on the main board of the NSE. Companies listed on the Exchange are required to maintain a […]
AMCON to sell Enterprise, Mainstreet banks October
The Managing Director, Asset Management Corporation of Nigeria, Mr. Mustafa Chike-Obi, has said that the agency will sell two of the three nationalised banks this year. Specifically, he said Enterprise Bank Limited would be sold in June and it would be the turn of Mainstreet in October. “We believe that […]
