The Infrastructure Bank Plc has concluded plans to issue N1.5 billion right issues to its existing shareholders, opening from December 17 to January 28, next year. The shareholders of the bank include federal and state governments; local governments and trade unions, according to its Managing Director, Adekunle Oyinloye. At a […]
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SGBN, Savannah Bank to get CBN loan
The Central Bank of Nigeria (CBN) will give some loan facility to embattled Societe Generale Bank of Nigeria (SGBN) as well as Savannah Bank, to enable them effectively recapitalise and come back to business, BusinessDay can confirm. It was learnt that each of the banks may get as much as […]
NDIC seeks W’Bank aid to amend insurance framework
The Nigeria Deposit Insurance Corporation on Tuesday said it was currently seeking aid from the World Bank to enable it develop a framework that would be used in determining the strength of its Deposit Insurance Fund. The Managing Director, NDIC, Alhaji Umaru Ibrahim, said at the International Association of Deposit […]
