Author: InvestAdvocate

Dell profit plummets 31 percent as investors ponder $24 billion buyout

Dell Inc on Tuesday reported a 31 percent drop in profit, hurt by a shrinking consumer business, as investors weighed founder Michael Dell’s offer to buy out the world’s No.3 maker of personal computers. Michael Dell, teaming up with private equity firm Silver Lake and software maker Microsoft, is offering […]

CBN issues lending guidelines between banks, subsidiaries

The Central Bank of Nigeria has issued new directives on lending guidelines involving Deposit Money Banks, Financial Holding Companies and other subsidiaries within the group. The CBN said in a circular on Tuesday that credit by a bank to its HoldCo would be regarded as a return of capital and […]

Bankers’ Committee, NCC to strengthen cash-less policy

The Governor, Central Bank of Nigeria, Mr. Sanusi Lamido, has said that the Bankers’ Committee is currently working with the Nigerian Communications Commission and other service providers to ensure that some of the challenges of cash-less policy are addressed. Sanusi said this at the fourth annual investors’ forum organised by […]