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Nigeria’s Central Bank Plans N5.0 billion Capital Base for Mortgage Banks

By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday said it will set a N5.0 billion minimum Capital requirement for Mortgage Banks. This is contained in CBN’s Circular affirming it has approved an exposure draft of the regulatory and supervisory framework for the operations of a mortgage […]

Mexico, Indonesia, Nigeria, Turkey’s Per Capita Income Average $3,450.40-Report

Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Mexico, Indonesia, Nigeria and Turkey’s (MINTs) Per Capita Income (PCI) has averaged $3, 450.40 according to a March 2013 Economic Update Report from Analysts at INVESTMENT ONE Financial Services Limited. According to Analysts at INVESTMENT ONE, Per Capita Income in the MINT countries regarded as current […]

Realizing the Aspirations of All Algerians

Townhall speech by Christine Lagarde, Managing Director of the International Monetary Fund   Algiers, Thursday, March 14   Introduction Governor, honorable participants. Bonjour. As-salaam ‘alaykum. I am delighted to be here this morning. Let me begin by thanking the Algerian government for inviting me to your spectacular country. I am also […]