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| Sunday, November 08, 2009 HOME ABOUT US SUBSCRIBE MEMBERS CONTACT US |
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Banking Expert, Kendis, Calls For Shareholder Protection, Good Governance
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By Marcel Mbamalu Kurt Kendis, Chief Executive Officer of The Banking Group, a US-based financial data and training firm, has said that only good corporate governance could guarantee shareholders investments in banks. Reacting to the public discourse over alleged plans by the Central Bank of Nigeria (CBN) to sell the eight banks whose chief executives were sacked and in which it said it had injected about N620 billion, the banking expert said share or bond holders often lose out when management fail to run the bank properly, especially as the 'banking system is the most important to protect' Shun Uncertified Products, SON Tells Nigerians -081109 From Lawrence Njoku, Enugu FOURTEEN years after it commenced full operations in Enugu State, Phonomar Foods limited, during the week, received the Nigeria mark of quality (MANCAP) from the Standards Organization of Nigeria (SON) for its Soy Pops. December Deadline: Government Intensifies Efforts On Oben -081109 IN its desperation to meet up with the December Power supply deadline, the Federal government has accelerated efforts at getting Oben Gas Plant to supply gas to the various Independent Power Projects (IPPs) in the country. Pirates Intensify Attacks On Vessels -081109 Attacks on ships worldwide by Pirates have shot up by 200 per cvent as against the number of piracy incidents in the same area in 2008. When Banking Goes Psychedelic -081109 By Otunba Biodun Ajiboye The Nigerian banks have once again come under immense pressure of professional sledge; it so happens all the times that the extreme boom is always a harbinger of a doom. The doom this time around was the stock of the market and mismanagement of the banks. Nigeria, South Africa Celebrate 10 years of Bilateral Relations -081109 By Gbenga Salau To celebrate the 10th anniversary of the Nigeria-South Africa Bi-National Commission, a three-day conference, has been slated for 12 and 14 of November in Abuja, with the theme "Nigeria and South Africa: Partnership For A better Africa". Reforms: Business Outfits Groan, As Banks Conserve Fundsits On Hold -081109 By Godfrey Okpugie For small and medium enterprises in the country even including some of the big time real sector operators, doing end of the year business this year is going to be a tough one. Reason: Virtually every bank in the country is currently experiencing liquidity dry-ups forcing them to suspend forthwith, further granting of new loans. Reforms: Business Outfits Groan, As Banks Conserve Funds -081109 By Godfrey Okpugie FOR small and medium enterprises in the country, this year is going to end in a very tough manner. Reason: Virtually every bank in the country is currently experiencing liquidity problems forcing them to suspend granting of new loans. 40 Years Of The Internet And Nigeria's Experience -081109 THE United States city of California, two weeks ago, became a converging point for Professor Leonard Kleinrock-led experts and other IT professionals, who were desirous of celebrating the great feat the world has achieved using the instrumentality of the Internet after 40 years of its invention. How We Contribute To Economic Growth, By Motorbike Importers Association's Leader -081109 Nigerian government does not want the citizens of this country to survive at all. The government of Chief Olusegun Obasanjo was the worse. December Deadline: Government Intensifies Efforts On Oben -081109 IN its desperation to meet up with the December Power supply deadline, the Federal government has accelerated efforts at getting Oben Gas Plant to supply gas to the various Independent Power Projects (IPPs) in the country. Militants' Threat, One Million Barrels Lost -081109 IN the last days of October, the Movement for the Emancipation of the Niger Delta (MEND) attacked two of Shell's major offshore facilities. According to its spokesman, Jomo Gbomo, the attack had taken place at the AFREMO off-shore oil fields, 14 nautical miles from the Forcados export terminal, a facility operated by Shell. |
Resort Savings Posts N485m Turnover
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ONE of Nigeria's Primary Mortgage Institution (PMIs), Resort Savings and Loans Plc, has recorded a turnover of N485 million during the financial year ended December 2008 as against N39million in the previous year, which is a growth of a 1139 percent. Market Indices Shrink -081109 By Godfrey Okpugie Bears held sway on the floor of the Nigerian Stock Exchange (NSE), last week, as the all-share index dipped leading to further decline in market capitalization. Deregulation: The Zambian Lesson On Patriotism -081109 Within the week, the Nigerian government Deregulation malady got a good blow on its face, when the CBN screamed that the thoughtless, anti-people policy would only worsen inflation. Militants' Threat: One Million Barrels Lost -081109 IN the last days of October, the Movement for the Emancipation of the Niger Delta (MEND) attacked two of Shell's major offshore facilities. According to its spokesman, Jomo Gbomo, the attack had taken place at the AFREMO off-shore oil fields, 14 nautical miles from the Forcados export terminal, a facility operated by Shell. ACCA Warns Prospective Members Against Fake Agents -081109 THE Country Manager of Association of Chartered Certified Accountants(ACCA), Nigerian Office, Mrs. Oluwatoyin Ademola, has called on all registered members, students members and prospective members of the global accounting body to beware of the activities of a dubious syndicate in the country, parading themselves as agents representing the body. Re-jigging The Economy In The Face Of Lending, Borrowing Gaps -081109 By Marcel Mbamalu There is, indeed, enough justification for the current drop (or so it seems) in interest rates for reasons not too far from the fact that there is, at the moment, a lull in trade and the financial system due to what could be linked to reform-induced fears about lending and borrowing. Banks appear to be paying undue attention to recovering non-performing loans with little efforts to lend out for economic activities. Re-jigging The Economy In The Face Of Lending, Borrowing Gaps -081109 By Marcel Mbamalu There is, indeed, enough justification for the current drop (or so it seems) in interest rates for reasons not too far from the fact that there is, at the moment, a lull in trade and the financial system due to what could be linked to reform-induced fears about lending and borrowing. Banks appear to be paying undue attention to recovering non-performing loans with little efforts to lend out for economic activities. 9jillions Promo: Tears, Thrills As Medical Student, Egeonu, Rides Home With N150m Prize -081109 IT must have been more than enough for his young mind to bear and his safety became the utmost concern of the audience when his stability could no longer be guaranteed. One million dollars - approximately N152 million - was obviously more than he had bargained for. Delta's Efforts To Empower The Masses, By Ashiedu -081109 A TOTAL of 16,936 persons in 1,659 cluster groups had benefited from the Delta State Micro Credit Programme (DMCP) between January to October this year. Deregulation: The Zambian Lesson On Patriotism -081109 Within the week, the Nigerian government Deregulation malady got a good blow on its face, when the CBN screamed that the thoughtless, anti-people policy would only worsen inflation. Pirates Intensify Attacks On Vessels -081109 Attacks on ships worldwide by Pirates have shot up by 200 per cvent as against the number of piracy incidents in the same area in 2008. |
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