Home>Topics>>UPDATE 1-Nigeria Cbank issues FirstRand with merchant bank licence
UPDATE 1-Nigeria Cbank issues FirstRand with merchant bank licence
Reuters: Financials
Fri, 23 Nov 2012
LAGOS, Nov 23 (Reuters) - Nigeria's central bank has issued the country's first merchant banking licences in more than a decade to South Africa's FirstRand and local firm FSDH, it said on Friday.
The EuropeanCentralBank has helped soothe short-term sovereign debt worries in Europe, but long-term competiveness must be improved for the crisis to fully fade away, says Morningstar's Dave Sekera.