By , 06.20.2010  Specific money market rates dropped significantly last week, owing to fiscal injections that buoyed liquidity in the system.Cost of borrowing among banks at the inter-bank lending window declined remarkably. There were speculations that yield on bond securities would be affected as the Debt Management Office […]
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CBN raises mortgage banks’ capital base to N5b
MONDAY, 21 JUNE 2010 BY CHINEDUM UWAEGBULAM, ENITAR UGWU (LAGOS) AND MATHIAS OKWE (ABUJA)   Fresh efforts by the Central Bank of Nigeria (CBN) to stabilise the nation’s financial sector have paved the way for the increase of the capital base of Primary Mortgage Institutions (PMIs) from N100 million […]
When to Change Your Stockbroker
By Goddy Egene, 06.20.2010  When Mr. Daniel Okunana retired from a soft drink bottling company as a factory manager five months ago, he received significant sum of money as pay off by the company. As he was contemplating the kind of business to establish, an old friend of […]
