By Peter OBIORA investadvocate Oct 18 2010 16.35 GMT Lagos (INVESTADVOCATE)-Equity transactions for the week Monday October 18 2010 on a bullish note as more Blue Chip stocks recorded price appreciation at the Floor of the Nigerian Stock Exchange (NSE) in Lagos Nigeria.   The  twin market indicators the All-Share index […]
Author: InvestAdvocate
Revealed! Only 47 MFBs were recommended for license revocation
Oct 18, 2010; Babajide Komolafe  The joint examination of the Central Bank of Nigeria (CBN) and the Nigeria Insurance Corporation (NDIC) on microfinance banks recommended the revocation of the licenses of just 47 banks.  On September 24, the CBN revoked the licenses of 224 microfinance banks but two weeks […]
Niger Insurance, WAPIC declare losses in 2009 Audited Results
By Yakubu LAAH investadvocate Oct 18 2010 16.07 GMT Two Insurance Companies, Niger Insurance Plc (NIGERINS) and Intercontinental WAPIC Insurance Plc (WAPIC) had both declared losses in their Audited Year Ended December 2009.  First NIGERINS posted a Profit After Tax (PAT) negative of N124.754 million in year 2008 compared […]
