Motolani Oseni The Securities and Exchange Commission (SEC) has asked shareholders of the defunct Afribank Plc to claim their dividends. SEC said this is part of its investor protection programme. It said it was also to ensure that shareholders get the benefits of investing in the capital
The Central Bank of Nigeria (CBN) has said that eight of Domestic Systemically Important Banks (D-SIBs) accounts for 69.05 per cent of the industry total assets, with N20.87 trillion from N30.22 trillion in 2016. CBN in its latest financial stability report notes that the eight banks earlier designated as D-SIBs retained their status during the […]
Mr. M.K. Ahmad, a former Director General of the National Pension Commission, and the new chairman of Skye Bank Plc has further re-assured the bank’s customers and investors that the bank was not distressed but only had corporate governance issues under the old board. He said the bank’s fundamentals remain strong and that it […]