Results & Dividends

10 banks responsible for 90% of frauds in banking sector – NDIC report

by Odidison Omankhanlen The high incidence of massive frauds in the banking sector has been linked to the activities of 10 banks. This was contained in the Nigeria Deposit Insurance Corporation (NDIC) 2009 Annual Report released on Wednesday. But the corporation did not name the banks. According to the report, […]

$500m Eurobond: Nigeria to meet foreign investors today

By Stanley Opara with agency reports Tuesday, 18 Jan 2011 Nigeria will start meeting investors in the United States and London on Tuesday (today) to build support for its first $500m international bond sale.  The 10-year bond sale is Nigeria’s first approach to the international markets. The country would seek to […]

$7.2B is recovered for Madoff’s victims

Businessman’s widow gives back $7.2 billion for Madoff’s victims in biggest settlement yet  Tom Hays and David B. Caruso, Associated Press, On Saturday December 18, 2010 NEW YORK (AP) — Many of Bernard Madoff’s victims who thought they lost everything could get at least half their money back after the widow […]