By Ademola Alawiye Monday, 1 Nov 2010 Indications have emerged that Intercontinental Bank Plc and Union Bank Plc may finalise discussions with potential bidders this week. Our correspondent gathered that the management of Intercontinental Bank was preparing to meet with a potential core investor later this week to discuss the conditions […]

By Agency Reporter Monday, 1 Nov 2010 Federated Investors Incorporation reported a 24 per cent decline in third-quarter earnings as one of the nation‘s top money-market fund managers criticised proposed changes to the industry, Wall Street Journal reported on Saturday. Federated Investors reported net income of $43.m, or 42 cents a […]

By Ademola Alawiye Monday, 1 Nov 2010 Oceanic Bank International Plc has announced a third quarter profit of N10.39bn as against N68.41bn loss after tax recorded in the comparable period of 2009. The bank also recorded a net liability value of N108.31m, compared with N118.22m recorded in 2009, while gross earnings […]