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Despite Concerns Over Capital, Banking Index Rises By 6%

Despite Concerns Over Capital, Banking Index Rises By 6%   During the past week, the banking index of the Nigeria Exchange Limited (NGX) recorded the highest gain of 6.08 per cent week-on-week compared to other indexes on the local bourse as investors’ wealth grew by N66bn. Banking...

AMCON to Lease Seized Property to Bridge Funding Gap

The Asset Management Corporation of Nigeria (AMCON) may introduce the “real-estate investment scheme” by the end of the year to raise money to meet its bond repayments, its Chief Executive Officer Ahmed Kuru has said. Kuru told Bloomberg that the agency plans to sell the...