By Chinyere Fred-Adegbulugbe Thursday, 13 Jan 2011 The management of Intercontinental Bank Plc has recalled 154 out of the 200 employees, who were sacked on New Year’s eve. This was disclosed by the President, Association of Senior Staff of Banks, Insurance and Financial Institutions, Mr. Sunday Salako, in a telephone interview […]

By Stanley Opara and Ademola Alawiye with agency report Wednesday, 12 Jan 2011 The Asset Management Corporation of Nigeria said on Tuesday that it planned to issue an additional N500bn ($3.3bn) in zero-coupon bonds to clear up the remaining bad loans of Deposit Money Banks by March 31. The Chief Executive […]

By Peter OBIORA investadvocate Jan 11 2011 07.30 GMT Lagos (INVESTADVOCATE)-Nigeria’s Clearing House, the Central Securities and Clearing System (CSCS) Limited has reported it cleared and settled a total of 646.1 billion units of shares in 13 years; from 1997 to December 31 2010.   Onyewuchi Asinobi, Managing Director/Chief Executive Officer […]