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Banks face increased pressure to maintain higher CAR

Nigerian banks may soon be faced with increased pressure to maintain higher Capital Adequacy Ratio (CAR). This is as a result of the exclusion of non-distributable regulatory reserve and other reserves in the computation of regulatory capital of banks and discount houses as announced this week by the Central Bank of Nigeria (CBN).   Analysts […]

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Launch of Nigerian Banking Sector Report

The 2014 Nigerian Banking Sector Report, produced by leading wealth advisory firm, Afrinvest (West Africa) Limited, is set to be launched on September 9, 2014.   In a statement released by Afrinvest, Ike Chioke, the Managing Director of the company, said: “We are pleased to announce that our much anticipated annual report on the Nigerian […]

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Afrinvest’s NIDF dividend exceeds estimate by 68.8%

Afrinvest Asset Management Limited says its interim dividend for the Nigerian International Debt Fund investors has surpassed the estimated figure by over 50 per cent as a result of impressive performance by the fund.   The fund manager had in July announced that it would pay an interim dividend of N36 per note to investors […]