The Managing Director, Asset Management Corporation of Nigeria, Mr. Mustafa Chike-Obi, says AMCON has spent N1.7tn to buy non-performing loans of banks. He also talks about the race for the CBN governorship, in this interview with OYETUNJI ABIOYE Employees of bridge banks are worried about who the eventual buyer of […]
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BOI To Start Disbursement Of $500m Fund
The Bank of Industry (BoI) on Friday announced that it would soon commence the disbursement of the African Development Bank’s $500 million (N80 billion) fund to industrialists in Nigeria. This is even as the bank put the total loan disbursement across various sectors of the Nigeria economy within two years […]
Fitch: Ecobank’s Issues Flag Pan-African Banks’ Regulatory Risks
(The following statement was released by the rating agency) The findings of the Nigerian Securities and Exchange Commission investigation into Ecobank Transnational Incorporated (ETI) this month highlight the supervision and corporate governance risks of large pan-African groups, Fitch Ratings says. Insufficient cross-border supervision and lower regulatory standards in some frontier […]
