Tag: Minimum Capital Requirement

CBN Unveils N5.0 billion Minimum Capital for Mortgage Refinance Company

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday unveiled a minimum capital requirement of N5.0 billion for the Mortgage Refinance Company (MRC). The CBN iin its regulatory and supervisory framework for the operations of an MRC said the procedures and criteria to be used in granting […]

ASHON Writes SEC ON New Minimum Capital Requirement

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Association of Stock broking Houses of Nigeria (ASHON) has written a letter to Nigeria’s Securities and Exchange Commission (SEC) over the new capital requirement imposed by then latter. InvestAdvocate gathered that ASHON sent out the letter last week to the commission seeking a resolution […]