The Nigerian Stock Exchange (NSE) has given Wema Bank April 2014 deadline to restructure its capital to comply with the minimum requirement of 20 per cent free float of shares of companies listed on the main board of the NSE. Companies listed on the Exchange are required to maintain a […]
Capital Market
AMCON to sell Enterprise, Mainstreet banks October
The Managing Director, Asset Management Corporation of Nigeria, Mr. Mustafa Chike-Obi, has said that the agency will sell two of the three nationalised banks this year. Specifically, he said Enterprise Bank Limited would be sold in June and it would be the turn of Mainstreet in October. “We believe that […]
Ondo Assembly speaker, Adesina, dies
The Speaker of the Ondo State House of Assembly, Mr. Samuel Adesina, died on Tuesday, according to a statement by the state government. Adesina’s death occurred after a long battle with cancer of urinary bladder. It was however unclear where the eminent lawmaker died as government officials refuted claims that Adesina […]
