Economists have asked the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, to consider instituting a fresh recapitalisation of the nation’s banks to make them bigger than what they are currently. They spoke against the backdrop of last week’s ranking of top 1000 world banks by The Banker magazine of […]
Tag: Financial Times
Bank of America begins moving $50 billion of derivatives to UK: FT
Bank of America (BAC) has begun moving $50 billion of derivatives out of its Irish-based operations into its British subsidiary, The Financial Times reported on its website on Sunday, citing people close to the operation. The move will allow the world’s number 10 bank by assets to benefit from tax […]
NSE Foresees Revival of IPOs in 2013
The Nigerian Stock Exchange (NSE) has said the current market rally and improved regulation could lure up to 20 companies to list on the Nigerian bourse in 2013. The Financial Times quoted NSE’s Chief Executive Officer, Mr. Oscar Onyema, to have made this remark Monday . This, according to him, […]
