The Central Bank of Nigeria (CBN) increased its supply of the United States dollar at its regulated Wholesale Dutch Auction System (WDAS) last week by 46 per cent as it offered a total of $350 million, compared with the $240 million offered the preceding week. This was as a result […]
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AMCON Appoints Receiver-manager for Fiogret
The Asset Management of Nigeria (AMCON) has said it has appointed Kunle Ogunba (SAN), as the receiver-manager over “the entire undertakings, stocks, goodwill, plant and machinery, moveable and fixed assets,†of Fiogret Limited. A statement at the weekend said the appointment of the firm as the receiver of Fiogret assets […]
Heritage Bank Resumes Operations Today
The recently licensed Heritage Bank Limited will open its doors for business from today. The commercial bank formed from the defunct Societe Generale Bank of Nigeria (SGBN) was granted a regional banking license by the Central Bank of Nigeria (CBN). The core investors in former SGBN adopted Heritage Bank as […]
