by Udeme Ekwere Zenith Bank Plc has announced that it will sell its non-banking subsidiaries. The bank said in a conference call with Bloomberg on Thursday, that it had applied to the Central Bank of Nigeria for an international commercial banking licence. Its Chief Executive Officer, Mr. Godwin Emefiele, said […]

By InvestAdvocate At its meeting held on 16th March, 2011, the Council of The Exchange approved certain penalties for breach of the Rules and Regulations Governing Dealing Members (Rules). An exposure draft of the Recommended Penalties has been published on The Exchange’s website.You are advised to visit the website for […]

By Ademola Alawiye There are strong indications that the Monetary Policy Committee of the Central Bank of Nigeria may increase the benchmark lending rate for the second time this year at the next MPC meeting scheduled to hold this week. A source close to the MPC told our correspondent on […]