By Stanley Opara The Asset Management Corporation of Nigeria is now set to purchase non-performing loans of banks ranging from N20m to N50m, its Managing Director, Mr. Mustapha Chike-Obi, has said. Chike-Obi told our correspondent in a telephone interview on Monday that the corporation would, in the next phase, also […]

By Agency Reporter First Bank of Nigeria Microfinance Bank is set to expand operations outside Lagos state. The bank’s Managing Director/Chief Executive Officer, Mrs. Pauline Nsa, who made this known during the bank’s customers’ forum and prize presentation in Lagos on Saturday, noted that the bank would also expand operations […]

By Agency Reporter The Board of the Nigerian Breweries Plc has announced a 7.3 per cent increase in the company’s profit for the financial year ended December 31, 2010. The company’s audited financial result presented to the Nigerian Stock Exchange, showed that the company made a N44.9bn operating profit as […]