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Expert wants review of Federal Mortgage Act

By Agency Reporter Thursday, 17 Feb 2011 A real estate expert, Mr. Adeyemi Williams, has urged the Federal Government to review the Act setting up the Federal Mortgage Bank of Nigeria to enable the masses to benefit from the bank. Williams told the News Agency of Nigeria in Lagos on Wednesday […]

Financing: Citibank, Bel Papyrus sign $20m deal

By Stanley Opara Thursday, 17 Feb 2011 Citibank Nigeria Limited has secured a $20m, five-year term loan for Bel Papyrus Nigeria Limited, a subsidiary of Boulos Group. The loan, according to a statement by the bank on Wednesday, was supported through a partial guarantee from the Overseas Private Investment Corporation and […]

CBN to review procedure for appointment of bank directors

By Ademola Alawiye Thursday, 17 Feb 2011 The Central Bank of Nigeria said on Wednesday that it would review the procedure for the appointment of directors in the banking sector. The Deputy Governor, Financial System Stability, CBN, Dr. Kingsley Moghalu, disclosed this at a conference, titled, ‘Risk Governance for Boards of […]