By Eromosele Abiodun The Securities and Exchange Commission (SEC) Tuesday said   that  it had received schemes of arrangement from three rescued banks, a move that will formally alter the structure and share capital of the banks. SEC’s Head of Media, Mr. Lanre Oloyi, who confirmed the development in a telephone chat with […]

By Okechukwu Nnodim The Central Bank of Nigeria has granted the United Bank for Africa Plc the final licence to operate a mobile payment service. The service, which the bank named U-Mo, was among the seven licences granted by the apex bank early last year. According to the bank in […]

Lagos (INVESTADVOCATE)-166 Non-oil indigenous firms are set to invest N1.5 Trillion in the Nigerian economy within the next 12 months. Olusegun Aganga, Minister of Trade and Investment, made this affirmation Tuesday at a meeting with the Agro-business sector in Lagos Nigeria. According to him, the investment figure was a conservative […]