Money Market

NDIC Emerge First African Deposit Insurer to Win IADI Award

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria Deposit Insurance Corporation (NDIC) on Tuesday emerged the first African Deposit insurer to win the International Association of Deposit Insurers (IADI) award. NDIC won the award as the Best Deposit Insurance Organisation of the Year under Category 2 of the IADI Core Principles […]

CBN may tighten monetary policy this month – Report

The Central Bank of Nigeria will likely decide to tighten monetary policy in its meeting this month, if the decline in global oil prices continues, according to a new report by Ecobank Research. Ecobank in the report says there is a strong possibility of further direct tightening by raising the […]

Skye Bank completes payment for Mainstreet

Skye Bank Plc says it has announced the full payment of the 80 per cent balance of its purchase price for Mainstreet Bank. This is in fulfilment of the major requirement for its acquisition of 100 per cent shares of the bank from the Asset Management Corporation of Nigeria. The […]