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Actis pays $151m for Vlisco group

  By Agency Reporter   Thursday, 9 Sep 2010   Private equity investor, on Monday acquired the Vlisco Group, paying $151m for a 100 per cent control of the company.   A statement on Monday, signed by the Assistant Manager, Media, AfricapracticeR&B, Mr. Charles Urhoboghara, said that the company also […]

Oil and gas insurance: ‘FG should provide financial backing’

    By Agency Reporter   Thursday, 9 Sep 2010   The Managing Director, Afribank Insurance Brokers Limited, Mr. Pascal Egeru, says insurance operators need government‘s financial backing.   Egeru told the News Agency of Nigeria in Lagos on Wednesday that the lifeline given the banking and manufacturing sectors should […]

Financial system stability: CBN approves revised banking model

  By Stanley Opara and Ifeanyi Onuba   Thursday, 9 Sep 2010   As part of the blue-print for reforming the Nigerian financial system, which includes the enhancement of the quality of banks, financial system stability and evolution of healthy financial sector, the Central Bank of Nigeria has concluded the […]