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Oceanic employs bancassurance to sell insurance

  THURSDAY, 08 JULY 2010   The Executive Director, Operating Resources of Oceanic Bank Plc, Mrs. Morounfolu Dosunmu, has said that the Oceanic Insurance Group is transforming service delivery in… Read more »

Sokoto Cement posts N1.8b profit, declares 10k dividend

  THURSDAY, 08 JULY 2010                                                                                                     Sokoto based Cement Company of Northern Nigeria (CCNN), has declared a final gross dividend of 10 kobo per share, bringing the total dividend paid… Read more »

Sale Of Banks: Fidelity, Ecobank Lock Horn In Battle To Acquire Afribank • Banks Renew Sacking Gale, Frustrations

  By , FINANCE EDITOR Indications were rife at the weekend that two middle-level banks are presently locked in the battle to take over “rescued” Afribank of Nigeria Plc, as… Read more »

Stock markets rise as investors look for ‘cheap’ shares

  Wednesday, 7 July 2010   Shares on a range of world markets jumped on Tuesday as investors looked to take advantage of what they perceived as cheap, oversold stocks.The… Read more »

Foreign rating agencies shun Nigerian banks

  By Stanley Oronsaye July 7, 2010 02:12AM   Rating agencies have scaled down their rating of Nigerian banks, unlike the period between 2005 and 2009 when several rating agencies… Read more »

CBN moves to free more credit for economic growth

  WEDNESDAY, 07 JULY 2010 01:12 BLESSING ANARO     Following the financial crisis that hit the banking sector in 2009, most banks that had huge amounts provided for in their financials… Read more »

CBN, MFB operators’ disagreement keeps new guideline on hold

  WEDNESDAY, 07 JULY 2010 01:11   Failure of the Central Bank of Nigeria (CBN) to keep to its promise of evolving a new policy guideline for microfinance banks (MFBs)… Read more »

Inter-bank lending rates double as NNPC withdraws funds from banks

  WEDNESDAY, 07 JULY 2010 01:22 BLESSING ANARO     The Nigerian Inter-Bank Offer Rate (NIBOR), the rate at which banks lend money amongst themselves at the inter-bank market, rose to… Read more »

Custodian & Allied assures shareholders on clients debt

  Jul 6, 2010 By Patience Saghana   Custodian and  Allied Insurance plc has assured its shareholders that outstanding  premium posted in the company’s accounts will not in any way… Read more »

Inter-bank lending rates double as NNPC withdraws funds from banks

  WEDNESDAY, 07 JULY 2010 01:22 BLESSING ANARO     The Nigerian Inter-Bank Offer Rate (NIBOR), the rate at which banks lend money amongst themselves at the inter-bank market, rose to… Read more »

 

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