Author: InvestAdvocate

UBA’s profit for half year hits N8.6 billion

    TUESDAY, 20 JULY 2010    UBA Plc, in the aftermath of the recent banking reforms, has released the bank’s half-year trade financials at the Nigerian Stock Exchange over the weekend.According to a statement from the bank, UBA recorded a strong growth of 370 per cent in profit before […]

CBN to close down unhealthy MFBs in Q3

  By Segun Olatunji, Kaduna   Wednesday, 21 Jul 2010       The Central Bank of Nigeria is set to announce major policy reforms that will drastically reduce the number of microfinance banks operating in the country.Criticisms have continued to trail the operation of the MFBs, many of which are accused […]

Recapitalisation: Shareholders Task Oceanic

  By Goddy Egene, 07.21.2010    Shareholders of Oceanic Bank International Plc yesterday tasked the Board and management to ensure that an effective recapitalisation plan that will involve all stakeholders is adopted for the bank. The shareholders’ view, which was made known at an investors’ forum in Lagos on a […]