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NDIC to Peg Depositors Refund

  From Ernest Chinwo in Calabar, 07.20.2010 The Nigeria Deposit Insurance Corporation (NDIC) has disclosed its plans to peg depositors refund from failed banks at between N200,000 and N500,000.Managing Director… Read more »

President Signs AMCON Bill

  PRESS RELEASE President Goodluck Jonathan today, Monday, July 1, 2010 at exactly 3.28 pm signed the Asset Management Corporation of Nigeria, (AMCON) Bill into law. The Act provides the… Read more »

Fair valuation of bank loans will increase volatility of shareholder interest, Fitch

June 21, 2010 By Omoh Gabriel Business Editor The new requirement by financial regulators across the globe as a result of the impact of the global financial crisis on economies… Read more »

NBC’s turnover hits N90.2b

  Jun 21, 2010 By Naomi Uzor The Nigerian Bottling Company (NBC) has announced a 13 per cent growth in its turnover to N90.2 billion in its 2009 financial statements… Read more »

Inter-bank rates drop as FAAC disburses N207bn

    By Gbenga Agbana  Monday, 21 Jun 2010            Liquidity from the release of about N207bn from the Federation Account Allocation Committee last week, which hit… Read more »