Results for Nigeria
- Nigerian Banks To Vote On Deals By September 30
Nigeria's state asset management company (AMCON) said it expects five of the nine banks that were bailed out for $4 billion to call extraordinary general meetings by Sept. 30, so shareholders can vote on recapitalisation deals signed with investors. ...
Daily Headline - global.abi.org - 08/16/2011 - 21:34 - 0 comments
- Nigeria's Mainstreet Bank Repays 50 Billion Naira To Cbank
Nigeria's recently nationalised Mainstreet Bank, formerly Afribank, said on Tuesday it had paid the central bank back the 50 billion naira ($327 million) in intervention funding given in a 2009 bailout and the lender was now fully recapitalised, Reu ...
Daily Headline - global.abi.org - 08/09/2011 - 22:05 - 0 comments
- Bank Stocks In Record Fall As Investors Offload Shares
The banking stock index on the Nigerian Stock Exchange on Monday fell by the highest margin this year as investors offloaded their shares, Punch reported. The NSE Banking Index, which measures the performance of the top 10 most capitalised stocks in ...
Daily Headline - global.abi.org - 08/08/2011 - 21:53 - 0 comments
- AMCON To Inject N678.5bn Into Acquired Banks
The Asset Management Corporation of Nigeria on Saturday said it would inject N678.5bn into the three nationalised banks, whose licences were revoked on Friday by the Central Bank of Nigeria, Punch reported. AMCON said at a press conference in Lagos t ...
Daily Headline - global.abi.org - 08/07/2011 - 12:49 - 0 comments
- IP Qualifications Profiles January 2011 - Nigeria
Appointment IPs may be appointed to any type of insolvency proceeding. Once appointed to a particular assignment, the IP is responsible for the proceeding. Where an insurance company becomes insolvent the same IPs are able to deal with such proceedin ...
Resource Article - abi_editor - 05/05/2011 - 16:22 - 0 comments - 1 attachment
- INSOL Africa Roundtable tackles key market issues
http://www.internationallawoffice.com/?i=1084378&l=7EUP0S4 (Africa, Nigeria) ...
Resource Article - abi_editor - 03/11/2011 - 11:58 - 0 comments - 0 attachments
- Union Bank Sues Jimoh Ibrahim, Others Over N22bn Debt
Union Bank of Nigeria Plc has initiated a legal action before the Federal High Court in Lagos against four firms and their alter ego (promoter), Mr. Jimoh Ibrahim, following the bank‘s claim that the defendants are owing it N22.55bn, Punch reported. ...
Daily Headline - global.abi.org - 11/22/2010 - 08:50 - 0 comments
- Nigeria Finance Cleanup Gains Momentum
Two top Nigerian stock-exchange officials were removed and a fugitive former bank executive surrendered, as efforts to clean up the financial sector accelerate, The Wall Street Journal reported. On Thursday, Nigeria's Securities Exchange Commiss ...
Daily Headline - global.abi.org - 08/06/2010 - 08:35 - 0 comments
- Nigeria Stock Exchange Regulator Asks Bourse Chief Executive to Step Down
Nigeria’s Security and Exchange Commission has instructed the nation’s bourse to remove Ndi Okereke-Onyiuke as director general and chief executive officer, Bloomberg reported. The move is among measures to address “inadequate oversight of the exchange, ...
Daily Headline - global.abi.org - 08/05/2010 - 10:21 - 0 comments
- Corruption Driving Nigeria's State NNPC Into Bankruptcy
Widescale corruption and fraud perpetuated by former Nigerian leaders has driven the state oil company into insolvency, local media Thursday reported the head of the Nigerian National Petroleum Corp saying, Platts reported. Austen Oniwon, NNPC group mana ...
Daily Headline - global.abi.org - 07/23/2010 - 08:54 - 0 comments