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Poor capital base stalls appointment of market makers

Some capital market operators on Thursday said that the inability of interested dealers to raise stipulated capital was responsible for the late appointment of market makers. They told The News Agency of Nigeria  in separate interviews in Lagos that the gloomy nature of the market was compelling dealers to shy […]

‘CBN’s monetary policy slowed economy in 2011’

The Central Bank of Nigeria’s fiscal tightening measures slowed the country’s economy by impacting negatively on the real sector last year, analysts have said. Economic and financial experts who spoke with our correspondent on Monday noted that the CBN must loosen its tight monetary policy  in 2012 if the country’s […]

Ecobank Nigeria, Oceanic Bank complete merger

Following the recent shareholders’ approval of the merger of Ecobank Nigeria Plc and Oceanic Bank International, the requisite legal and regulatory approvals have now been obtained and the full merger of the two institutions has  been concluded. A statement by Ecobank on Monday said the complete merger between the two […]