Author: InvestAdvocate

Oasis declares N102m profit in second quarter

  FRIDAY, 24 SEPTEMBER 2010 BY MOSES EBOSELE    OASIS Insurance Plc has announced profit after tax of N102 million for the second quarter ended June 31, 2010, as against N76.3 million in 2009.A statement issued by the company’s Chairman, Chief Samuel Adegbite, said the performance was positive in all […]

BGL Asset Management floats N2 billion, N500 million issues

  FRIDAY, 24 SEPTEMBER 2010 BY HELEN OJI    BGL Asset Management Limited (AML) has concluded plans to sale N2 billion units of shares and N500 million units of both BGL Sapphire Fund and BGL Nubian Fund at the price of N1.00 per share.The floating of the offers, which is […]

Panic withdrawals trail CBN’s revocation of 200 microfinance banks’ licences

  FRIDAY, 24 SEPTEMBER 2010 HOPE MOSES-ASHIKE      Worried depositors of microfinance banks (MFBs) have being besieged the banks demanding their money, following Central Bank of Nigeria’s (CBN’s) revocation of the licences of 200 MFBs. A large crowd of depositors was seen at most of the banks visited by BusinessDay. […]