Union Bank Plc is said to be the latest bank making moves to comply with the Central Bank of Nigeria’s (CBN’s) Regulation No. 3 on “The Scope of Banking Activities and Ancillary Matters.†The board of directors of the bank is deliberating on the bank’s compliance plan. A source at […]
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Mozambique Still Amongst World’s Poorest Countries-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Mozambique is still amongst the world’s poorest countries, David Lipton; First Deputy Managing Director (DMD) of the International Monetary Fund (IMF) said this on Monday at Universidade Politécnica, Maputo, while delivering a topic “New Opportunities and New Risks: Prospects for Sub-Saharan Africa and Mozambiqueâ€ÂÂ. “Mozambique […]
Banks disposed to lending to oil companies
The Group Managing Director/Chief Executive Officer, Skye Bank Plc, Mr. Kehinde Durosinmi-Etti, has said banks in the country are more favourably disposed to lending to oil producing companies at the point when oil reserves have been confirmed. A statement by the bank on Friday quoted Durosinmi-Etti as saying, “Oil exploration […]
