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Shareholders to meet ahead of rescued banks’ EGMs

By Okechukwu Nnodim Shareholders of the three nationalised Deposit Money Banks and the remaining four rescued banks have scheduled a meeting for early next month. The meeting is coming ahead of the September 30 mandatory Extraordinary General Meetings to be held by shareholders of the four rescued banks. The meeting […]

Intercontinental Bank to increase share capital

By Okechukwu Nnodim Intercontinental Bank Plc is set to increase its authorised share capital to N10bn subject to approval of shareholders at its forthcoming Annual General Meeting in September. A publication by the bank which was signed by its Secretary, Mr. Akeem Babatunde, said investors of the bank would consider, […]

AMCON Had a Duty to Act – Mustapha Chike-Obi

August 22, 2011 The recent acquisition of three erstwhile rescued banks by the Asset Management Corporation of Nigeria after they were bridged by the Nigeria Deposit Insurance Corporation (NDIC) has continued to generate a lot of comments by the public. AMCON’s managing director and chief executive Officer, Mr. Mustapha Chike-Obi, […]