Author: InvestAdvocate

New banking model: Banks may close branches

By Stanley Opara Monday, 18 Oct 2010   There are strong indications that some Deposit Money Banks may close their branches, whose outputs are sub-optimal under the revised banking model. Our correspondent gathered that this might not be unconnected with the directive of the Central Bank of Nigeria that they should […]

NSE to list 100 million Dangote Cement shares

By Gbenga Agbana Monday, 18 Oct 2010   The management of the Nigerian Stock Exchange will on Tuesday October 26, 2010, list, by introduction, 100 million shares of Dangote Cement Plc at N135 per share. The listing, which will be on a special offer, is sequel to the approval of the […]

Nigerian, Uti, wins N30m Big Brother Africa prize

  By Akeem Lasisi Monday, 18 Oct 2010   Fortune smiled on 27-year-old Nigerian musician and actor, Uti Nwachukwu, on Sunday evening, as he emerged winner of the 2010 edition of the Big Brother Africa 5 television reality show dubbed Big Brother Africa All Stars. At the end of the 91-day […]