By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Beverage makers, Cadbury Nigeria Plc Wednesday announced a 90.78 naira post-capital reduction share price as its shares has been lifted on full suspension with immediate effect. The company said in a notice to the Nigerian stock exchange (NSE) and made available to InvestAdvocate that the […]
Capital Market
SEC draws battle line with wonder banks
In an unprecedented, but calculated move, the Securities and Exchange Commission (SEC) recently commenced a clampdown on the activities of a wonder bank, New Nation, with branch network spread across 32 states of the Federation including the Federal Capital Territory, (FCT). The commission’s Acting Director, Enforcement, Eric Elujekor, described the […]
Most microfinance banks are sound –CBN
The Central Bank of Nigeria has said most of the microfinance banks in the country are in sound health and that their performance is generally satisfactory. While noting that the microfinance sub-sector was being effectively regulated, the CBN pointed out that it was also being supervised by the Nigeria Deposit […]
