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More banks may apply for regional licences

By Ademola Alawiye Thursday, 7 Oct 2010 There are indications that more Deposit Money Banks will opt for regional licences because of fears that they may not meet the regulatory minimum capital base to run as national banks. A senior official of the Central Bank of Nigeria, who craved anonymity, told […]

SEC orders NSE to recover N1.35bn bonuses

  By Gbenga Agbana   Thursday, 7 Oct 2010 Securities and Exchange Commission on Wednesday directed the Interim Administrator of the Nigerian Stock Exchange, Mr. Emmanuel Ikazoboh, to take steps to recover the money shared by council members between 2006 and 2008. A statement issued by SEC’s Head, Media, Mr. […]

Dangote Flour to begin exportation, pays N4b dividend

Thursday, 07 October 2010    Dangote Flour Mills, on Wednesday in Kano, announced plans that arrangements were at advanced stage to begin direct and indirect exports of its products into neighboring countries like Chad, Cameroon, Niger and Sudan.Addressing shareholders at the annual general meeting, chairman of the company, Alhaji Aliko […]