Author Archives: InvestAdvocate

Regulatory Alert – NIGERIA: CBN upends 2005 Soludo-era banking reforms

      DaMina Advisors Frontier Markets Regulatory Alert – NIGERIA: Central Bank upends 2005 Soludo-era banking reforms. Abolishes current ‘universal bank licenses,’ creates new ‘regional, national and international bank… Read more »

The M&A between Dangote Cement and BCC – Matters Arising

    Is it okay to promote/pitch the Dangote/BCC merger and listing as a good panacea to the leverage banks has on the NSE? Yes, it would appear so –… Read more »

Insurers laud Govt’s provatisation plan for PHCN

    Thursday, 09 Sept 2010 By Joshua Nse   THE Nigerian Insurers Association (NIA) has lauded the decision of the Federal Government to allow the private sector to take… Read more »

Goldman Sachs Is Fined in the U.K.

      By DAVID ENRICH and BRETT PHILBIN, September 9, 2010   Goldman Sachs Group Inc. agreed to pay a fine of nearly £20 million ($31 million) to the… Read more »

Exchange sheds N108 billion in three trading days

  Thursday, 09 September 2010  By Helen Oji   INVESTORS continued to count their losses yesterday at the Nigerian capital market, as the prices of equities remained on the downward… Read more »

Actis pays $151m for Vlisco group

  By Agency Reporter   Thursday, 9 Sep 2010   Private equity investor, on Monday acquired the Vlisco Group, paying $151m for a 100 per cent control of the company…. Read more »

Oil and gas insurance: ‘FG should provide financial backing’

    By Agency Reporter   Thursday, 9 Sep 2010   The Managing Director, Afribank Insurance Brokers Limited, Mr. Pascal Egeru, says insurance operators need government‘s financial backing.   Egeru… Read more »

Financial system stability: CBN approves revised banking model

  By Stanley Opara and Ifeanyi Onuba   Thursday, 9 Sep 2010   As part of the blue-print for reforming the Nigerian financial system, which includes the enhancement of the… Read more »

Riggs Ventures to list shares on NSE

  By Gbenga Agbana   Thursday, 9 Sep 2010   Shareholders of will soon earn dividends on their investments, as arrangements are in top gear to list the shares of… Read more »

World stocks rise on Europe relief

  By Agency Reporter   Thursday, 9 Sep 2010   United States share prices rebounded on Wednesday, aided by gains in European markets, while the stronger yen tested the Bank… Read more »