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CBN Relaxes Credit Restrictions on Banks

  By Emele Onu, 07.11.2010    The Central Bank of Nigeria (CBN) has removed some of the restrictions it imposed on the credit operations of banks by amending relevant portions of the Prudential Guidelines that became effective May 1, this year.   Going by the new Prudential Guidelines circulated to […]

Demand for Govt Securities Slide 6%

  By Goddy Egene, 07.11.2010    Secondary trading in the Federal Government Bonds slowed down in the first six months of 2010, indicating a week patronage of gilt-edge securities.   The FG bonds  used  to witness significant increase regularly at the over-the-counter (OTC) market. However, trading data obtained from the […]

Shareholders Decry May & Baker’s Poor Performance

  By Eromosele Abiodun, 07.11.2010    Shareholders of May & Baker Plc have expressed dissatisfaction over the drop in the company’s financial performance for the year ended 31st December, 2009.They also queried the inadequate recordings in the percentage of shares held by the chairman of the company, Major General Theophilus […]