By Agency reporter Monday, 20 Dec 2010 Nigerian inter-bank lending rates fell to an average of five per cent this week from 11.33 per cent penultimate week, following the release of budgetary allocations to government agencies, traders said on Friday. Reuters quoted traders as saying that the rates could edge up […]

By Stanley Opara Monday, 20 Dec 2010 Stakeholders in the financial sector have expressed optimism over the decision of the Asset Management Corporation of Nigeria to buy all bad bank loans by the end of December and recapitalise the nine banks rescued last year by the second quarter of 2011. Stakeholders, […]

By Ademola Alawiye Monday, 20 Dec 2010 Shareholders of UAC Nigeria Plc have approved the sale and transfer of 49 per cent of the assets of UAC Food Limited to Tiger Brands Limited, a fast moving consumer goods company in South Africa. The shareholders at the company‘s Extra Ordinary General Meeting […]