Safeguarding investors’ capital remains biggest post-listing challenge- AVA Capital
By Peter Egwuatu THE Managing Director and Chief Executive Officer, AVA Capital Plc, Mr. Kayode Fadahunsi has revealed that safeguarding investors’ capital remains the biggest post listing challenge. He added that preserving investor trust would be the company’s foremost priority, adding that the group seeks to strengthen governance, transparency and accountability while pursuing long-term growth as […]
NSE out with stricter recruitment guidelines for market operators
The Nigerian Stock Exchange, NSE, has rolled out new employment guidelines for capital market operators, stating that henceforth, operators must secure a police character clearance report, conduct a thorough investigation into the background and due diligence findings in respect of all their employees.
Unilever delivers Pureit to market
As part of efforts to improve healthy living, Unilever has introduced a unique, scientifically proven complete germ killer device known as “Pureit” to the Nigerian market.
ETI secures N45bn loan to fund Oceanic acquisition
Ecobank Transnational Incorporated, ETI, has secured a N45.6 billion ($285 million) loan from a South African bank, Nedbank, to finance its acquisition of Oceanic Bank International Plc and further pursue its growth programme across the African financial market.
Finbank hidden debts stall FCMB’s take-over bid
The proposed acquisition of troubled FinBank by First City Monument Bank (FCMB) has suffered a major setback, investigations by the News Agency of Nigeria (NAN) have shown. This followed recent discovery of hidden bad loans and huge debt profile of the troubled bank.
Expert urges regulators to address problems arising from banks’ merger, acquisition
A financial expert, Dr Ade Afolabi, has urged financial regulators to put adequate measures in place to address the likely problems arising from ongoing bank mergers and acquisition.
Why Nigeria lost IMO Council seat
MORE facts have emerged as to the reason why Nigeria lost to Liberia in the just concluded Council seat of the International Maritime Organisation (IMO), election.
FG to lift ban on rice import through land borders
THE Federal Government may have changed its mind over the ban on the rice importation of rice through land borders following a sustained protest by the Transborder Traders Association of Nigeria.
NDIC, CBN form c’ttee to assist Savannah Bank
Nigeria Deposit Insurance Corporation (NDIC) and Central Bank of Nigeria (CBN) have formed a committee to examine issues relating to the take-off of Savannah Bank after the recovery of its licence, an official said.
TCIP gridlock: Operators express doubt over minister’s directive
Operators in the maritime sector have expressed doubt over the ability of the Nigerian Ports Authority (NPA) to actually find a lasting solution to the traffic situation at the Tin-can Island Port as directed by the Minister of Transport, Sen. Umar Idris.
Why Jonathan must visit Innoson Plastic Factory – SON DG
THE Director-General of Standard Organisation of Nigeria (SON), Dr. Joseph Odumodu has expressed the need for President, Goodluck Jonathan to visit Innoson Plastic Factory at Emene, Enugu State.
