By Oluwaseyi Bangudu 14 January , 2011   Wema Bank said it has got N15.2 billion from the Asset Management Corporation of Nigeria (AMCON) as sales of some non-performing loan portfolio of the bank.   “We have got 15.2 billion from AMCON, in addition to the N7.5 billion we raised […]

By Peter OBIORA investadvocate Jan 13 2011 01.39 GMT Lagos (INVESTADVOCATE) – Union Bank of Nigeria Plc (UBN) confirmed that it received N239 billion Bonds from the Asset Management Corporation of Nigeria (AMCON).   Funke Osibudo, the Group Managing Director/Chief Executive Officer (GMD/CEO) of the Bank Thursday January 13 2011 confirmed this […]

By Gbenga Agbana Thursday, 13 Jan 2011 In a move seen by analysts as an attempt to further entrench its influence in the Nigerian beer market, the Amsterdam, Netherlands-based Heineken NV, the world’s third-largest brewer by volume, has said that it has bought controlling interests in five Nigerian brewery companies. The […]