Uncategorized

Foreign reserves drop by 7.6% to $33.9bn

By Ademola Alawiye Wednesday, 27 Oct 2010 Nigeria‘s foreign exchange reserves have dropped by 7.6 per cent to $33.9bn in October, from $36.7bn recorded in the previous month, the Central Bank of Nigeria, has said. Also, the apex bank has sold dollars to prop up the value of the naira. According […]

FinBank posts N4bn profit in Q3

By Agency Reporter Wednesday, 27 Oct 2010 FinBank Plc, one of the banks recently rescued by the Central Bank of Nigeria, has released its third quarter results to the Nigerian Stock Exchange. By the result, the bank grew its balance sheet by 11 per cent, up from N157bn in December 2009 […]

Shareholders oppose passage of unclaimed dividend bill

By Gbenga Agbana Wednesday, 27 Oct 2010 Shareholders of publicly owned companies have called for the stoppage of the Unclaimed Dividend Bill about to be passed by the House of Representatives. The bill, according to sources had gone through the second reading, but some shareholders have expressed concerns over those who […]