By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Unity Bank Plc Friday announced it is ready to sell its 50.30 percent (50.30%) stake in UnityKapital Assurance Plc. UnityKapital in a notice to the Nigerian Stock Exchange (NSE) and made available to InvestAdvocate in Lagos Nigeria said Unity Bank as a major shareholder is […]
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CBN Communiqué No. 93 of the Monetary Policy Committee Meeting of Monday 20 and Tuesday 21 January, 2014
The Monetary Policy Committee (MPC) met on January 20 and 21, 2014 against the backdrop of uncertainties in the global economy, especially arising from the commencement of the QE3 tapering by the Fed. In attendance were eight (8) out of the ten (10) members following the retirement of Mr. Tunde […]
Mobius Prefers Nigerian Banks to South African Peers on Value
Mark Mobius, chairman of Templeton Emerging Markets Group, is picking Nigerian bank stocks ahead of South African peers as Johannesburg-based lenders battle rising bad-debt charges while trading at higher valuations. “The banks up north are cheaper,” Mobius said in an interview in Johannesburg yesterday, referring to Lagos-based lenders. “The big […]
