Obinna Chima More rescued banks risk nationalisation if their shareholders refuse to approve their Transaction Implementation Agreements (TIAs) with prospective investors at extraordinary general meetings, the Asset Management Corporation of Nigeria (AMCON) has warned. The corporation said it is determined to protect depositors by all means. Afribank Plc, Bank PHB […]

By Olamilekan Lartey The Federal Mortgage Bank of Nigeria said on Monday that it had lost about N100bn to corruption by employers of labour, who failed to remit contributions to the National Housing Fund. The Managing Director, FMBN, Mr. Gimba Ya’U Kumo, said this while appealing to the Economic and […]

By Udeme Ekwere Experts in the Nigerian capital market have predicted increased activity in the fixed income securities market in the next few weeks. The analysts said that the increase of the Monetary Policy Rate by the Central Bank of Nigeria, was the main factor that would drive increased activity […]