By Udeme Ekwere Tuesday, 16 Nov 2010 PREPARATIONS for the Eid-el-Kabir celebrations affected activities on the Nigerian Stock Exchange on Monday as indicators recorded marginal decline at the close of trading. The market capitalisation of the listed equities, which had closed on Friday, at N8.10tn, fell by N22bn or 0.3 per […]
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AMCON may purchase less than 60% of some banks’ NPLs
By Ademola Alawiye Tuesday, 16 Nov 2010 The Asset Management Corporation of Nigeria will purchase less than 60 per cent of some rescued banks‘non-performing loans, investigation by our correspondent has revealed. It was gathered by our correspondent from a source from one of the rescued banks that a large part of […]
Nigeria’s banking industry undervalued by 36% – African Alliance
By Agency Reporter Tuesday, 16 Nov 2010 Nigeria’s banking industry is undervalued by 36 per cent, African Alliance has said, identifying its top picks as United Bank for Africa Plc, Access Bank Plc and Diamond Bank Plc. According to a report by Bloomberg on Monday, Asset Management Corporation of Nigeria, the […]
