The Nigerian Stock Exchange has announced plans to put measures in place towards ensuring that there is increased depth in the market this year. The measures, according to the Exchange, are aimed at driving further growth and patronage for the Nigerian capital market in 2012, thus boosting market indices that […]

As a result of the completion of the acquisition of Intercontinental Bank Plc by Access Bank Plc, the bank on Friday terminated the employment of about 1, 500 employees of Intercontinental Bank. Also, it was gathered that the bank shut down some branches of Intercontinental Bank nationwide. A visit by […]

As the May 14, 2012 deadline for Deposit Money Banks to divest from non-banking operations draws nearer, there are strong indications that the Central Bank of Nigeria has extended the deadline by one year for some of the affected banks, which have insurance subsidiaries. The divestment directive is sequel to […]