CBN grants JPMorgan approval-in-principle to establish merchant bank
The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as JPMorgan Merchant Bank Nigeria Limited.
NOVA Merchant Bank commences operations, promises new ideas
NOVA Merchant Bank Limited, a newly licensed merchant bank with a focus on wholesale banking, investment banking and asset management, formally commenced operations yesterday, unveiling its objective to re-establish merchant banking as a key economic driver by providing long-term funds and advisory services.
Naira depreciates to N360.57/$ in I&E
The naira Thursday depreciated to N360.57 per dollar in the Investors and Exporters (I&E) window of the foreign exchange market.
Nigeria has become investors’ destination – Lai Mohammed
The Minister of Information and Culture, Alhaji Lai Mohammed says that with the right policies of government and favourable economy indices, Nigeria has become an investors destination.
NSE: Insurance stocks tumble further as Lasaco, Afrinsure lead 33 losers
The shares of insurance companies today continued a free fall following the implementation of the new pricing rule by the Nigerian Stock Exchange, NSE. The new pricing rule will see the prices of over one third of the quoted companies falling to as low as one kobo after the initial floor price of 50 kobo […]
Buhari nominates Adamu as CBN Deputy Gov
PRESIDENT Muhammadu Buhari has nominated the Director Human Resources of the Central Bank of Nigeria, CBN, Edward Lametek Adamu for the position of Deputy Governor of the nation’s apex bank.
