The Central Bank of Nigeria on Tuesday signed a memorandum of understanding with the German Development Agency in the area of financial system stability, microfinance and banking reforms. The move, according to a statement by the CBN, was to enable it achieve a virile financial system by 2020. It quoted […]

-To hold Court Ordered Meeting Dec’ 30 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – Access Bank Plc Tuesday announced it would conclude its proposed merger with Intercontinental Bank Plc in the First Quarter (Q1) of year 2012. This was contained in a Notice from Access Bank to the Nigerian Stock […]

Bank of America agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit. The settlement was disclosed in court papers filed late Monday in U.S. District Court in Manhattan and requires the approval of a judge. The […]