The Senate at its plenary session today, November 3, 2010, confirmed the appointment of the Board of the Asset Management Corporation of Nigeria (AMCON). The Chairman, Senate Committee on Banking, Insurance and Other Finance Institutions, Senator Nkechi Nwaogu, presenting the report of the screening exercise at the plenary said that […]

The Central Bank of Nigeria has decided to withdraw the licences of all existing Class ‘A’ Bureau De Change BDCs with effect from November 8, 2010. The withdrawal is part of measures to stem the gross abuses of the enhanced Class ‘A’ BDC in line with the CBN’s avowed commitment […]

By Peter OBIORA investadvocate Nov 04 2010 10.20 GMT Lagos (INVESTADVOCATE)-Boniface Okezie, National Chairman, Progressive Shareholders Association of Nigeria (PSAN) has affirmed that there is no transparency in the ongoing process of recapitalisation of the rescued Banks by the Central Bank of Nigeria (CBN).   Okezie recently made this affirmation to […]