Nigeria’s forex, bond and money markets have all stopped trading because of uncertainty and volatility created by the central bank governor’s suspension, several dealers told Reuters on Thursday. “The market is frozen right now because no one wants to take position and the fact that the market was already short,” […]
Uncategorized
Bank directors cautions CBN on CRR increase
The Bank Directors of Nigeria has expressed concern over the Central Bank of Nigeria’s recent increase in the Cash Reserve Ratio on public sector deposit from 50 per cent to 75 per cent. The directors, in a statement on Wednesday, observed that raising the ratio by 25 per cent just […]
AMCON Board Meets on Divestment from Enterprise Bank March 06
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The board of Asset Management Corporation of Nigeria (AMCON) will on Thursday March 06, 2014 meet to deliberate on its divestment from Enterprise Bank Limited. Mustapha Chike-Obi, the managing director/chief executive officer (MD/CEO) of AMCON disclosed this in a telephone chat on Wednesday […]
