By Abdulwahab Abdulah A Federal High Court sitting in Ikeja, has stalled the planned acquisition of the Union Bank of Nigeria Plc by a proposed core investor, Messrs African Capital Alliance Consortium, the proposed core investor. The court restrained the consortium from proceeding with the transaction. In an interim injunction granted […]

-Declares N3.9 billion PAT in Q1 2011 Result By Yakubu LAAH investadvocate Lagos (INVESTADVOCATE)-The Board of Directors of Africa’s largest Financial Institution, United Bank for Africa Plc (UBA) has recommended a 5 Kobo dividend payout and 1 for 4 bonus issue to investors of the Bank; as it declares a […]

April 12, 2011, 2119hrs, Saheed KARIBE At a compliance meeting held by the Nigerian Stock Exchange (NSE) with the CEOs of stock broking firms on the 7th of January, 2011; the riot act was read to the brokers with regards to the need to enforce the existing capital requirements. The […]