7UP 50.00 0.00    ABBEYBDS 1.50 0.07    ABCTRANS 1.03 0.01    ACADEMY 1.70 0.00    ACCESS 11.00 0.10    AFRIPRUD 1.68 -0.17    AGLEVENT 1.65 0.00    AIICO 0.89 0.01    AIRSERVICE 4.80 0.33    ASHAKACEM 24.20 0.00    BECOPETRO 0.50 0.00    BERGER 8.25 0.00    BETAGLAS 10.00 0.00    CADBURY 44.50 0.50    CAP 67.50 2.45    CCNN 9.70 0.25    CILEASING 0.50 0.00    CONOIL 24.00 1.00    CONTINSURE 1.15 0.05    CORNERST 0.50 0.00    COSTAIN 0.94 0.08    COURTVILLE 0.96 0.08    CUSTODYINS 1.72 -0.03    CUTIX 2.30 0.00    DANGCEM 187.00 6.89    DANGFLOUR 9.20 0.08    DANGSUGAR 8.49 0.24    DIAMONDBNK 6.99 0.07    DNMEYER 1.80 0.00    EQUITYASUR 0.50 0.00    ETERNA 3.93 0.35    ETI 15.35 0.20    ETRANZACT 3.47 0.00    EVANSMED 1.80 0.01    FBNH 18.57 -0.42    FCMB 5.00 -0.02    FG9B2017S2 113.30 -1.00    FG9B2019S3 118.95 0.13    FG9B2022S1 127.50 0.75    FIDELITYBK 3.07 -0.02    FIDSON 1.56 0.00    FIRSTALUM 0.50 0.00    FLOURMILL 85.00 0.00    FO 14.24 0.00    FORTISMFB 6.00 0.00    FTNCOCOA 0.50 0.00    GLAXOSMITH 49.00 0.00    GUARANTY 26.66 0.09    GUINEAINS 0.50 0.00    GUINNESS 275.00 0.00    HMARKINS 0.50 0.00    HONYFLOUR 2.89 0.04    IKEJAHOTEL 0.89 0.08    INTBREW 28.67 2.60    INTERLINK 4.90 0.00    IPWA 0.70 0.00    JAPAULOIL 0.55 -0.01    JBERGER 58.25 3.75    JOHNHOLT 1.54 0.00    LEARNAFRCA 2.00 0.00    LIVESTOCK 3.25 0.17    MANSARD 2.50 0.00    MAYBAKER 1.81 0.00    MBENEFIT 0.50 0.00    MCNICHOLS 1.43 0.13    MOBIL 114.00 0.00    MORISON 2.23 0.00    MRS 19.80 0.00    NAHCO 6.90 0.25    NASCON 12.90 -0.40    NB 179.00 4.50    NCR 17.00 0.00    NEIMETH 0.83 0.07    NEM 0.81 0.01    NESTLE 950.00 5.00    NIG-GERMAN 8.17 0.00    NIGERINS 0.50 0.00    NNFM 21.42 0.00    NPFMCRFBK 1.08 0.09    OANDO 15.10 -0.40    OKOMUOIL 53.94 0.00    PAINTCOM 1.40 0.00    PRESCO 28.99 1.49    PRESTIGE 0.62 0.00    PZ 45.00 0.00    REDSTAREX 4.30 0.00    ROYALEX 0.60 0.05    RTBRISCOE 1.80 -0.01    SKYEBANK 5.05 -0.07    SKYESHELT 100.00 0.00    SOVRENINS 0.50 0.00    STANBIC 15.10 0.10    STDINSURE 0.50 0.00    STERLNBANK 2.89 0.15    TOTAL 165.00 -7.00    TRANSCORP 1.30 0.03    UAC-PROP 17.00 0.00    UACN 70.80 0.11    UBA 8.70 0.00    UBCAP 1.28 -0.03    UBN 9.53 -0.07    UNIC 0.50 0.00    UNILEVER 65.04 1.04    UNIONDAC 0.50 0.00    UNITYBNK 0.67 -0.01    UNIVINSURE 0.50 0.00    UPL 5.77 0.51    UTC 0.92 0.08    VANLEER 12.68 0.00    VITAFOAM 3.22 0.00    VONO 2.34 0.00    WAPCO 92.15 -2.85    WAPIC 0.90 0.00    WEMABANK 1.24 -0.03    ZENITHBANK 21.70 -0.15   

Other News

Mainstreet Bank Strong, Stable, says MD

Mainstreet Bank Limited has promised its customers of better services saying it is strong and ready to compete with other banks.
Its Managing Director, Mrs. Faith Tuedor-Matthews, said at the weekend, that the task of turning the bank in to a model financial institution is achievable.
“I must confess that Mainstreet Bank is getting bigger with customer base and currently we are getting new businesses. The Whole idea is run a model office with right technology. We (the new management) have worked in banks that have been very successful. We know Nigeria and the business and we are sure to deliver. We have strong equity, we are fully capitalised and have most of the major Corporate, she told reporters during an interactive session. She listed the bank’s key strategic focus to include customer service operational efficiency and product leadership.

Tuedor-Matthews, who said the bank is devoid of perceived drawbacks associated with its predecessor, Afribank, explained that the involvement of the Asset Management Company of Nigeria (AMCON) and the subsequent nationalisation of the bank provided it a refreshing ground, enabled it to present formidable strength in the market.
Operating with a branch network of 206, a work force of about 4,000 and N319billion fresh funds injected into it by AMCON Mainstreet Bank runs with shareholders’ fund of N45billion.

“We are running Mainstreet Bank as a commercial enterprise which has to pay dividends to its shareholders and bring in credible investors to buy the bank. Mainstreet Bank is a strong bank with good customer base and institutional memories. We think that with good technology, we can reposition the bank”, she had explained. Already, the bank, she said, is seeking to engage two technology firms which will help in deploying what she described as a more functional technology platform to drive its new vision.Tuedor-Matthews praised the efforts of the financial regulators in the handling of the on-going reforms in a manner that prevented a run on the deposits of the nationalised banks.

“I believe the CBN reform agenda is good for the industry because, they are basically instilling proper corporate governance, improved risk management, discipline and transparency. This will also enhance confidence of the banking public. Those are some of the critical requirements for a thriving local banking industry’’, she further noted.
The bank, she also said, is conducting an audit, which is expected to throw up issues which may not have been identified hitherto. The Mainstreet Bank Chief noted that her experience of the banking industry spanning over 25 years has convinced her that the staff inherited from Afribank who have confirmed their resolve to work for the new institution could be deployed to more productive areas without the risk of declaring some of them redundant.

With an enviable corporate base of 1.5million customers, over 200 nationwide branch network run seasoned and tested management team with over 100years of accumulated banking experience, she said customers should expect better days ahead.

 - Culled from The Nation, October 24, 2011 Pg.12.