By Udeme Ekwere Asset securitisation is one of the options that should be considered as a means of deepening activities in the Nigerian capital market, an investment banker has said. Specifically, the Managing Director, Goldbanc Management Associates Limited, Mr. Olu Abayomi-Sanya, said that the option would work well to grow […]
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CBN raises benchmark lending rate to 9.25%
By Ifeanyi Onuba Hopes of a decrease in lending rates to businesses by banks were dashed on Monday as the Central Bank of Nigeria again raised the benchmark lending rate by 50 basis points to 9.25 per cent. The decision was announced by the apex bank Governor, Mr. Lamido Sanusi, […]
AMCON to inject fresh N800bn into five rescued banks
By Ademola Alawiye If everything goes as planned at the Extraordinary General Meetings of the five rescued Deposit Money Banks that have yet to conclude their recapitalisation deals, the Asset Management Corporation will inject fresh N800bn into them. The Managing Director, AMCON, Mr. Mustafa Chike-Obi, said in Lagos on Monday […]
