By Agency reporter Monday, 18 Oct 2010   HSBC has ended talks to buy an $8bn majority stake in South Africa‘s Nedbank, leaving it without a clear Africa strategy and handing an opportunity to rival Standard Chartered. According to Reuters, on Saturday, HSBC had been in exclusive talks with Anglo-South African […]

By Udeme Ekwere Monday, 18 Oct 2010 Stakeholders in the financial sector have said that the aggressive activities of some banks at recovering loans owed them is a good move that is capable of boosting capitalisation. They said the move was capable of enhancing managements’ credibility. The Registrar/Chief Executive Officer, Institute […]

By Udeme Ekwere Monday, 18 Oct 2010   Investors in the Nigerian capital market have gained N320bn in the last two weeks. This follows the ruling by a Federal High Court in Lagos that the former Managing Director, Oceanic Bank Plc, Mrs. Cecilia Ibru, should forfeit about N191bn assets to the […]