By Gbenga Agbana Thursday, 13 Jan 2011 In a move seen by analysts as an attempt to further entrench its influence in the Nigerian beer market, the Amsterdam, Netherlands-based Heineken NV, the world’s third-largest brewer by volume, has said that it has bought controlling interests in five Nigerian brewery companies. The […]

By Chinyere Fred-Adegbulugbe Thursday, 13 Jan 2011 The management of Intercontinental Bank Plc has recalled 154 out of the 200 employees, who were sacked on New Year’s eve. This was disclosed by the President, Association of Senior Staff of Banks, Insurance and Financial Institutions, Mr. Sunday Salako, in a telephone interview […]

By Stanley Opara and Ademola Alawiye with agency report Wednesday, 12 Jan 2011 The Asset Management Corporation of Nigeria said on Tuesday that it planned to issue an additional N500bn ($3.3bn) in zero-coupon bonds to clear up the remaining bad loans of Deposit Money Banks by March 31. The Chief Executive […]