By Obinna Chima The Central Bank of Nigeria’s (CBN’s) defence of the Naira- Nigeria’s local currency, at the regulated Wholesale Dutch Auction System (WDAS) was punctured Monday as the local currency fell below the benchmark region. The apex bank had designed a deliberate policy aimed at keeping the local currency […]
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Oceanic Bank concludes merger deal with ETI with shareholders’ approval
The chief executive officer of Oceanic Bank, John Aboh today says the shareholders approval of the merger deal with Ecobank Transnational Incorporated or ETI will benefit them in the areas of improved cash and bonus dividend as ETI operates as a pan-African commercial lender. The shareholders of the rescued lender […]
Shareholders endorse recapitalisation, merger with Access Bank
By Peter OBIORA InvestAdvocate Lagos (InvestAdvocate)-Shareholders of Intercontinental Bank Plc (IB Plc) Monday endorsed the recapitalisation and merger deal with Access Bank Plc. This is coming on the heels of a Court Ordered Meeting in Lagos Nigeria. From the Special Resolution, following the Scheme of Arrangement dated August 25 2011, […]
