By Ademola Alawiye Monday, 1 Nov 2010 Oceanic Bank International Plc has announced a third quarter profit of N10.39bn as against N68.41bn loss after tax recorded in the comparable period of 2009. The bank also recorded a net liability value of N108.31m, compared with N118.22m recorded in 2009, while gross earnings […]

By Ademola Alawiye Monday, 1 Nov 2010 One of the banks rescued by the Central Bank of Nigeria in last year‘s N620 bail-out, Bank PHB Plc, will name its preferred bidder this week. According to a Reuters report on Friday, the Central Bank of Nigeria‘s advisers have recommended a preferred bidder […]

By Yemi Kolapo Monday, 1 Nov 2010 There is a lot of money seeking destination in Africa, former Group Managing Director, United Bank for Africa Plc, Mr. Tony Elumelu, has said. He added that, despite the availability of funds, a major problem in African economies was making sure that the funds […]