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10 banks responsible for 90% of frauds in banking sector – NDIC report

by Odidison Omankhanlen The high incidence of massive frauds in the banking sector has been linked to the activities of 10 banks. This was contained in the Nigeria Deposit Insurance Corporation (NDIC) 2009 Annual Report released on Wednesday. But the corporation did not name the banks. According to the report, […]

Barcelos opts to list on Nigeria’s Exchange 2011

By Peter OBIORA investadvocate Lagos (INVESTADVOCATE)–Food Emporium International Limited operating a Portuguese branded eatery (Barcelos) has resolved to list its shares on the Floor of the Nigerian Stock Exchange year 2011.   A Source who is part of the Financial Advisers to the Company (name withheld) because he is not […]

AMCON ‘ll encourage short-selling of its securities – Chike-Obi

By Stanley Opara with agency report   The Asset Management Corporation of Nigeria will encourage short-selling by lending its assets to traders who want to borrow, Chief Executive Officer of the corporation, Mr. Mustafa Chike-Obi, has said. He said in an interview in Lagos, on Thursday, “If they want to […]