By Chiawo Nwankwo As part of moves to secure plea bargaining, the former Managing Director/Chief Executive Officer, Intercontinental Bank Plc, Dr. Erastus Akingbola, has sought approval to refund £9m (N2.25bn at the official exchange rate of N250 to £1 as at Thursday) in part payment to the bank. Our […]

By investadvocate Lagos (INVESTADVOCATE)-Dangote Cement Plc Thursday April 21 2011 through the Nigerian Stock Exchange (NSE) announced that it would pay investors of the Company the proposed N2.25 Kobo dividend on Wednesday June 01 2011 for the 2010 Audited Year End. Also, the Company notified the Nigeria’s Exchange of changes […]

By Ifeanyi Onuba, Abuja The Nigeria Deposit Insurance Corporation has concluded plans to pay N9.8bn to 731,000 depositors of microfinance banks, whose licences were revoked last September by the Central Bank of Nigeria. The Head, Communication and Public Affairs Unit, NDIC, Mr. Hadi Birchi, who confirmed this to our correspondent […]