By Tony Amokeodo Monday, 22 Nov 2010 Union Bank of Nigeria Plc has initiated a legal action before the Federal High Court in Lagos against four firms and their alter ego (promoter), Mr. Jimoh Ibrahim, following the bank‘s claim that the defendants are owing it N22.55bn. The four firms are NICON […]

Monday, 22 Nov 2010 When the Securities and Exchange Commission said in August that it would probe the activities of the Nigerian Stock Exchange under the watch of its former Chief Executive Officer, Ndi Okereke-Onyiuke, many stakeholders knew that they had to prepare for the many-headed monster that would emerge […]

By Udeme Ekwere Monday, 22 Nov 2010 Ten newly-listed companies on the Nigerian Stock Exchange have lost 15 per cent of their cumulative listing value in the last one year. The companies, quoted in the First-Tier Securities sector of the NSE between August 2009 and November 2010, lost N339bn from a […]