Uncategorized

Profit-taking drags down indices at NSE

By Ademola Alawiye Friday, 17 Dec 2010 The bullish trend recorded in the equities segment of the stock market earlier in the week, was reversed on Thursday, due to profit-taking by investors in some major blue chip stocks. At the close of trading activities, a total of 253.53 million shares, valued […]

‘Recapitalisation will reposition ailing banks for business’

By Agency reporter Friday, 17 Dec 2010 The Chairman, Ikorodu District Society, Institute of Chartered Accountants of Nigeria, Mr. Samson Disu, has described the intended recapitalisation of the banks rescued by the Central Bank of Nigeria last year as a step that will help reposition the ailing banks for business. Disu, […]

Bank officials hail CBN on customers’ data collation

By Agency reporter Friday, 17 Dec 2010 Some bankers in Lagos have commended the Central Bank of Nigeria’s, directive that all banks should collate customers’ data and send it to the apex bank. They gave the commendation in separate interviews with the News Agency of Nigeria, saying that the directive was […]