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Trust Fund Pension declares N306.7m profit for 2009

By Fidelis Soriwei, Abuja Thursday, 16 Dec 2010 The Trust Fund Pension PLC has declared a profit of N306.7m for the year ended December, 2009. The Chairperson of the Fund, Mrs. Ogozi Olejeme, said this during the Annual General Meeting of the organisation in Abuja. According to her, the Fund also […]

Why the Market Should Worry about NBC Plc’s Delisting from the NSE

December 15, 2010, 0914 When Proshare issued its breaking news story at 3.25pm yesterday “NBC Plc to Delist, Sends Notice to NSE”, it elicited a sense of concern and worry about an emerging trend and its implications.  Surprisingly, the shares were not placed on technical suspension.   These are early days […]

Nine (9) sick banks to be sold Q2 2011

by Odidison Omankhanlen, Lagos, with Agency Report Wednesday, 15 December 2010   Barring any unforeseen development, nine out of the 10 rescued banks will be sold to new investors by the second quarter of next year.   Chief Executive of Asset Management Corporation of Nigeria (AMCON),Mustapha Chike-Obi, who gave this […]