In a move that is unclear to many existing shareholders,   Forte Oil Plc, formerly African Petroleum (AP) Plc is looking for an institutional investor that will take up   204.017 million shares of the company. Zenon Petroleum had been the core investor in the company, which changed its name from AP […]

October 05, 2011   Banking reforms…a recap   Last week, the September 30, 2011 deadline set by Central Bank of Nigeria (CBN) brought to a close, the reform programme initiated about 24 months ago to end the banking crisis.   In 2009, the Central Bank of Nigeria (CBN) bailed out […]

  LAGOS – The legal battle between some shareholders of Union Bank Plc, Finbank Plc, Intercontinental Bank Plc, Afribank Plc and the Central Bank of Nigeria, CBN, over the take-over of their banks and in some cases, sale of their banks to other banks even when there are pending cases in […]