Six of the 23 Deposit Money Banks (DMBs) dominate the banking industry in terms of deposits and asset concentration, the Central Bank of Nigeria (CBN) has said. According to a report by the CBN, the sector is dominated by a few banks as the average market share of assets and […]
Tag: asset
UK court to restart $145-million Nigeria asset-confiscation case
A British court hearing in which prosecutors were seeking the confiscation of 90 million pounds ($145 million) in assets they say belong to a corrupt former Nigerian oil state governor ended inconclusively on Monday and will start afresh next year. James Ibori, who was governor of oil-producing Delta State in […]
Asset-backed financing will deepen capital market – Expert
In order to deepen the capital market and ensure financial stability in the country, there is the need to introduce asset-backed financing on a large scale, the Managing Partner, Perchstone and Graeys, Mr. Osaro Eghobamien, has said. According to him, the introduction of asset-backed financing and, consequently, as asset-backed bonds, […]
