Headline News

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  AMCON to run 3 Nationalised Banks for 2-3 years

  Nigeria’s state asset management firm AMCON will be the major shareholder in three nationalised...

  • Posted August 6, 2011
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  Update: CBN Revokes SpringBank, AfriBank and BankPHB licences

  The Nigeria Deposit Insurance Corp (NDIC) has taken over the running of three banks...

  • Posted August 5, 2011
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  NDIC takes over Management of Afribank, BankPHB and SpringBank

  The Nigeria Deposit Insurance Corp., which insures deposits in the country’s banking industry, is...

  • Posted August 5, 2011
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  Britain’s FTSE 100 plunges below 5,400

  Britain’s FTSE 100 extended its recent decline into a fifth day on Thursday, plunging...

  • Posted August 5, 2011
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  Shell accepts full liability for two massive oil spills in Ogoniland

  Shell faces a bill of hundreds of millions of dollars after accepting full liability...

  • Posted August 3, 2011
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  Exile Resources and Oando PLC Announce Proposed Acquisition and Financing – Press Release

  Exile Resources Inc. and Oando PLC (“Oando“) are pleased to announce that they have entered into...

  • Posted August 3, 2011
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  CBN Extends Credit Guarantee for Oceanic to December

  Nigeria’s central bank extended an interbank credit guarantee for Oceanic Bank International Plc to...

  • Posted August 2, 2011
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  CBN increases Dollar Sales to Bureau de Change

  Nigeria’s naira headed for the biggest gain in three weeks after the central bank...

  • Posted August 2, 2011
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  Merger: Oceanic Signs TIA with Ecobank

  OCEANIC Bank Plc has recorded a milestone in its recapitalisation process, following the signing...

  • Posted August 1, 2011
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  US politicians struck a deal to solve cash crisis

  US politicians finally struck a deal to solve their cash crisis last night, saving...

  • Posted August 1, 2011
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