Author: InvestAdvocate

The UK’s Independent Commission on Banking report

By Izabella Kaminska The UK’s Independent Commission on Banking has published its Interim Report on Monday. We’re going through it at the moment, but for now, we’ve put up in the Long Room and provided you with its conclusions. As the press release states, the Commission was asked “to consider […]

London Stock Exchange admits SacOil

By MOSES EBOSELE In line with the ongoing plans to expand investors base, SacOil Holdings Limited, with operations in Nigeria and some parts of Africa, was at the weekend, admitted to the Alternative Investment Market (AIM) of the London Stock Exchange. The company, with a market capitalisation of approximately £128 million […]

Financial results: CBN imposes heavy fines on errant banks – Investigation

By Ademola Alawiye The Central Bank of Nigeria has started surcharging Deposit Money Banks that have yet to submit their financial results for the year 2010, investigation by our correspondent has revealed. The Companies and Allied Matters Act stipulates that banks are to present their results six months after the […]