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China lets banks sell loans to each other

By Agency reporter   Monday, 27 Sep 2010     BEIJING: China has started allowing banks to sell loans to each other, an important step towards giving market forces bigger sway in the country’s financial markets, the central bank said on Saturday.   The interbank loan transfer system would help […]

ARM Properties pays 16k dividend to investors

By Udeme Ekwere   Monday, 27 Sep 2010     ARM Properties Plc has paid 16 kobo per share dividend to its shareholders for the financial year ended February 2010.   A statement from the company on Friday, said the dividend, which was unanimously approved by the shareholders, represented 52 […]

‘Nigeria among top 10 countries receiving money transfer’

  By Stanley Opara   Monday, 27 Sep 2010     Global money transfer company, MoneyGram International, has ranked Nigeria among the top 10 countries receiving money transfer. Making reference to the World Bank estimates, the company said $10bn in remittances was sent to Nigeria in 2009 – with the […]