Uncategorized

Recapitalisation: ‘Mergers, acquisitions to be concluded this year’

by Ademola Alawiye The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Dr. Kingsley Moghalu, has said that mergers and acquisitions among Deposit Money Banks in the country will be concluded this year. Moghalu said this at the signing of a Memorandum of Understanding between FITC and International Finance […]

SEC Gets Support on Corporate Governance Code

by Goddy Egene Stakeholders in the nation’s capital market have thrown their weight behind the new Code of Corporate Governance issued by the Securities and Exchange Commission (SEC) for listed companies, which would become effective on Friday, April 1, 2011. Speaking   at a meeting on the new code in Lagos, […]

CBN: MOU on Rescued Banks subject to shareholders approval

Peter OBIORA investadvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria has affirmed that it has not approved any Memorandum of Understanding following speculations and unsavoury comments on the proposed mergers and acquisitions of rescued Banks. As it is subject to Board of Directors and Shareholders approval. This was contained in a […]