Crusader (Nigeria) Plc has said that it raised N1.8bn from its rights issue of a zero coupon irredeemable convertible debenture. The Chairman of the company, Prof. Monsur Kenku, disclosed this during the group’s 42nd annual general meeting in Lagos on Thursday. He said, “As approved by our shareholders, we undertook […]
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Sterling Bank’s Gross Earnings up by 58% in Q2 ‘12
By InvestAdvocate Lagos (INVESTADVOCATE)-Sterling Bank Plc has reported an increase in Gross Earnings by 58 percent (58%) in its Second Quarter (Q2) Result for the Period Ended June 30 2012. A Statement by the Bank on Friday affirmed Gross Earnings rose by over a half at 58% to N32.7 billion […]
Nigeria’s Central Bank issues revised guidelines on Lending Windows
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Friday issued a revised guideline to all Banks and Discount Houses in Nigeria on how to access the CBN’s Lending Windows and Repurchase Transactions. This is contained in a Circular dated July 26 2012 with reference number BSD/DIR/ GEN/LWR/ […]
