By Emele Onu and Goddy Egene, 06.20.2010   Afribank has set a two-year turnaround plan designed to return the financial institution to optimal performance.    The plan, which was announced by the bank’s management last weekend in Lagos, followed the successful execution of the 3- 4 -7 repositioning plan, […]

By Eromosele Abiodun, 06.20.2010    Chemical and Allied Products Plc (CAP Plc), has announced a 15 per cent drop in post-tax profit for the year ended December 31, 2009.The company’s post- tax profit fell by 15 per cent from N538.16 million in 2008 to N457.10 million in 2009, while profit […]

  By , 06.20.2010    Specific money market rates dropped significantly last week, owing to fiscal injections that buoyed liquidity in the system.Cost of borrowing among banks at the inter-bank lending window declined remarkably. There were speculations that yield on bond securities would be affected as the Debt Management Office […]