WEDNESDAY, 23 JUNE 2010 00:00 BY  The Asset Management Company of Nigeria (AMCON) may have emerged as a tangential issue in the nation’s banking industry.   Currently, it awaits presidential assent having passed through the National Assembly.It is expected that when it comes on board, all the […]
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Reform: Tightening the loose end in MFBs’ operations
WEDNESDAY, 23 JUNE 2010 BY  When the Microfinance Banks (MFBs) came into operation, it was meant to cater for the ordinary citizens. It had its operational spheres but soon, apart from springing up in every available space, some started operating like the conventional commercial banks.   Speaking […]
Banks Move Cash to Bonds, Depress Yield
By 06.22.2010   Banks are moving the bulk of their funds from fiscal spend and other sources to bonds – a development that has triggered excess demand for the securities and by extension, reduced yields to bond holders.   Traders are expecting yields at the government’s auction to […]
