By Ademola Alawiye with agency report The Central Bank of Nigeria on Tuesday said that the Asset Management Corporation of Nigeria had bought all non-performing loans in the banking sector. The Director, Banking Supervision, CBN, Mr. Sam Oni, said that the corporation had made tremendous progress in terms of purchasing […]
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Wonder Bank: Tribunal reserves ruling on jurisdiction
By JOSEPH ONYEKWERE THE Investment and Securities Tribunal, Lagos has reserved ruling on whether it has jurisdiction to entertain the suit file by 14 representatives of investors of Nospetco Oil and Gas Limited against the Security and Exchange Commission (SEC), the Central Bank of Nigeria (CBN) and the company also […]
Nigeria’s Exchange clarifies recent Transcorp shares transfer
 In part fulfillment of The Nigerian Stock Exchange’s responsibility to provide clarity on issues affecting the market, we wish to confirm that we have received formal letters from Transcorp Nigeria Plc with regards to the purchase of its shares on Friday, April 1, 2011. The Exchange respects the right […]