Author: InvestAdvocate

Skye Bank to Raise N15bn Fresh Capital

  By Emele Onu, 08.22.2010    Skye Bank Plc is to raise about N15 billion in fresh tier-one capital, aimed at boosting its shareholders’ funds by 17 per cent from N88 billion at year-ended December 31, 2009 to N103 billion. A source at the bank told THISDAY that the funds will […]

AMCON: Stakeholders Propose Tenure Extension

  By Obinna Chima, 08.22.2010   There are indications that the 10 year tenure, which the Assets Management Corporation of Nigeria (AMCON) has been pegged, may be extended.The capital market source told THISDAY last Friday that a group in the financial market would present a proposal to that effect to […]

Sovereign wealth fund is illegal’

  By Bassey Udo With additional reporting by Stanley Oronsaye August 22   The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says the Sovereign Wealth Fund being proposed by the Federal Government is illegal, as its foundations are not rooted in the provisions of the country’s constitution.   The Fund is […]