Fresh facts have emerged that First Rand Bank, one of South Africa’s biggest banks, may acquire one of the nationalised banks under the control of the Asset Management Corporation of Nigeria. The Chief Executive Officer, FirstRand, Mr. Sizwe Nxasana, said during the inauguration of Rand Merchant Bank Nigeria on Thursday […]
Tag: Nigeria
Five banks control 70% of Nigerian market – Report
The imperfect competition in the banking sector since the shake-up by the Central Bank of Nigeria in 2009 has continued as five out of the 20 banks in the country currently control 70 per cent of the market. A report obtained from the Financial Derivative Company Limited on Friday listed […]
N27bn pension thief rearrested after outcry
There were indications on Tuesday that public outcry against the light sentence handed an Assistant Director in the Police Pension Office, Mr. John Yakubu Yusuf, by a Federal Capital Territory High Court, forced the Economic and Financial Crimes Commission to rearrest him. The high court presided over by Justice Mohammed […]
