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Recapitalisation: Banks need more time to conclude deals

By Ademola Alawiye Monday, 8 Nov 2010 Deposit Money Banks may need more time to finalise their recapitalisation deals, investigation by our correspondent has revealed. Our correspondent gathered on Saturday that some of the banks rescued by the Central Bank of Nigeria were far from sealing deals with institutional investors. A […]

CAP’s profit up by 45%

Monday, 8 Nov 2010 Chemical and Allied Products Plc recorded a profit after tax of N509.20m in its unaudited results for the third quarter ended, September 30, 2010. This represents a 45 per cent increase over N350.41m recorded in the similar period of 2009. According to the Nigerian Stock Exchange’s […]

Bidding process for electricity firms begins December – FG

Monday, 8 Nov 2010 Prospective investors will be asked by the Bureau of Public Enterprises to express interest in the nation’s electricity firms in December, the Chairman, Presidential Task Force on Power, Prof. Barth Nnaji, has said. Nnaji, who spoke with our correspondent on the telephone on Friday, said, “Investors […]