Nigeria’s United Bank for Africa said on Thursday it will seek shareholders’ approval to transfer its subsidiaries into a newly-formed holding company, in line with regulatory requirements to separate core lending from other businesses.  The central bank last year scrapped the universal banking model and directed lenders in Africa’s second […]

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Wednesday said the report being circulated by Members of the public that Sanusi Lamido Sanusi, Governor of Nigeria’s Central Bank is a hoax. This was contained in a Statement by Mohammed Abdullahi, Head, Corporate Communications of the CBN and obtained by […]

Goldman Sachs Group Inc Chief Executive Officer Lloyd Blankfein may be asked to testify in a market regulator’s insider-trading case against a former director of the Wall Street bank, a judge ruled. The U.S. Securities and Exchange Commission has accused Rajat Gupta, a former board member at Goldman and Procter […]