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Stabilini Visinoni Indebted to GTB, Bank Insists

By Davidson Iriekpen, 10.15.2010  Contrary to claims by Stabilini Visinoni Limited that it is not indebted to Guaranty Trust Bank Plc, the bank has insisted that the construction company and other companies and its promoter, Dr Wale Babalakin (SAN), is indebted to it to the tune of N12.3 billion.Other companies […]

HBOS played leading role in £11.5bn loans to US gambling industry

Simon Goodley, 15 October 2010  HBOS, the lender now subsumed into partially state-owned Lloyds Banking Group, played a major role in loaning $18.4bn (£11.5bn) to the struggling US casino industry during the height of the credit boom.   The level of the bank’s involvement in the US gaming sector has […]

FSDH Asset Management declares dividend for Coral Income, Growth Fund

FRIDAY, 15 OCTOBER 2010 BY HELEN OJI    Shareholders of First Securities Discount Houses (FSDH) Asset Management Limited, yesterday, approved N15 and N22 dividend per unit for Coral Income Fund and Coral Growth Fund respectively, for the financial year ended December 31, 2009.   The Managing Director of FSDH Asset […]