Bank lending to the domestic economy increased by four per cent to N13.8tn at the end of July, according to the Central Bank of Nigeria’s latest monthly report. The report, available on the bank’s website, stated that the four per cent increase was on month-on-month basis, compared with the growth […]
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Dividend: NSE adjusts prices of three equities
The Nigerian Stock Exchange has adjusted the prices of three equities for dividend payment. The NSE’s report for the week ended September 13, 2013, said the decision to adjust the prices followed the recommendation of the boards of the companies. The companies affected are Honeywell Flour Mills Plc, Continental Reinsurance […]
NDIC recovers N24.68bn from debtors of failed banks
The Nigeria Deposit Insurance Corporation said it recovered in 2012 a cumulative sum of N24.68bn from debtors of Deposit Money Banks that were liquidated by the Central Bank of Nigeria. The N24.68bn represents an increase of N2.42bn over the N22.26bn recovered in 2011. It also said that a cumulative debt […]
