Members of the Senate on Thursday scored the Asset Management Corporation of Nigeria low, saying the agency had failed to live up to its objective of recovering toxic debts owned by some commercial banks. The senators also condemned the alleged ineffective use of the N5.6tn voted into the agency by […]
Tag: Commercial Bank
UBA migrates to commercial banking structure
United Bank for Africa Plc has secured the approval of the Securities and Exchange Commission to operate as a commercial bank. The bank, subsequently, will hold a court-ordered meeting to obtain the approval of shareholders for the restructuring. A statement by the bank on Friday said all non-commercial banking businesses […]
