Uncategorized

Union Registrars Issues Bonus, Pays Dividend

    06.18.2010  Union Registrars Company Limited, a subsidiary of Union Bank of Nigeria PLC, has earmarked the sum of N720 million as dividend payment to its shareholders and a bonus issue of one new share for every 10 ordinary shares held at the close of register of members.   […]

Sterling Bank’s Shareholders Okay N100bn Fresh Capital

  By Emele Onu, 06.18.2010  Sterling Bank, yesterday, got the nod of its shareholders to raise a fresh capital of up to N100 billion. The Board of the bank got the approval at their 48th Annual General Meeting (AGM) in Calabar, Cross River State. The Board had proposed: “that additional […]

Financial reform lacks ‘cover‘for risk managers

  Thursday, 17 Jun 2010   Efforts to reform United States banking after the worst financial crisis since the Great Depression fall short because they don‘t empower risk managers, according to Cliff Rossi, who held that job at three of the country‘s largest mortgage lenders that helped fuel the housing […]