Microfinance banks in the country have called on the Central Bank of Nigeria to review some aspects of the regulatory guidelines and policies affecting the banks. A communiqué made available to our correspondent on Wednesday by participants at a just concluded microfinance certification programme of non-executive directors of microfinance banks […]
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Hembe, Azubogu lose bid to stop trial on N44m bribery scandal
An Abuja High Court, Wednesday, held that the erstwhile Chairman of the House of Representatives Committee on Capital Market and Other Institutions, Herman Hembe and his deputy, Chris Ifeanyi Azubogu, has a case to answer regarding their alleged complicity in a N44million bribery scandal. Trial Justice Abubakar Sadiq Umar okayed […]
Flour Mills Plc FY 2012 Earnings Update
Flour Mills of Nigeria Plc recently released its audited financial results for the year ended 31 March 2012. Turnover grew by 8.2% from the N238.8bn reported for FY 2011 to N258.3bn. The companies cost profile remained high in the year under review, as direct costs increased by 10.1% year-on-year to […]
