Author Archives: InvestAdvocate

SEC, IoD, CAC float centre for corporate governance

By Stanley Opara Monday, 11 Oct 2010   The Nigeria Institute of Directors, Securities and Exchange Commission and Corporate Affairs Commission have set up the centre for corporate governance to… Read more »

GTB drags Babalakin, others to court over N12.3bn debt

By Tony Amokeodo   Monday, 11 Oct 2010     A commercial bank, Guaranty Trust Bank Plc, has filed a legal action before a Federal High Court in Lagos against a construction firm,… Read more »

NSE to Delist 5 Firms

By Goddy Egene and Eromosele Abiodun , 10.10.2010 The Nigerian Stock Exchange (NSE) will next month (November 16) delist five companies on Emerging Markets sector for their failure to comply… Read more »

Sanusi Bags African Central Bank Governor of the Year

October 11, 2010   [Washington, October 9th 2010]: In recognition of his radical intervention in Nigeria’s financial sector to prevent a bigger collapse at the height of last year’s crisis,… Read more »

Finance leaders fail to resolve currency dispute

By MARTIN CRUTSINGER and HARRY DUNPHY, Associated Press Writers WASHINGTON – Global finance leaders failed Saturday to resolve deep differences that threaten the outbreak of a full-blown currency war.  … Read more »

China’s CNOOC signs LNG deal with GDF Suez

Sat Oct 09 2010 SHANGHAI – Chinese offshore oil and gas company CNOOC agreed Saturday to buy 2.6 million tons of liquefied natural gas from French utility GDF Suez SA. The deal,… Read more »

Ministers seek way to strengthen economic recovery

  By HARRY DUNPHY and MARTIN CRUTSINGER, Associated Press Writers WASHINGTON – Global finance ministers are looking for ways to strengthen a fragile recovery and ease friction over currencies. They… Read more »

Cecilia Ibru Jailed, Forefeits Assets…CBN Vindicated

Friday, 08 October 2010 1814hrs  A Nigerian High Court presided over by Justice Dan Abutu in Lagos on Friday 8th, October 2010 found Mrs. Cecilia Ibru, the former Managing Director… Read more »

Cecilia Ibru Pleads Guilty, Convicted, Sentenced, Forfeits Assets

  Friday, 08 October 2010 1814hrs   It is confirmed that Mrs. Cecilia IBRU has been convicted of fraud by a Federal High Court in Ikoyi, Lagos.   The embattled… Read more »

BofA halts foreclosure sales in 50 states

By ALAN ZIBEL, AP Real Estate Writer WASHINGTON – Bank of America Corp., the nation’s largest bank, said Friday it would stop sales of foreclosed homes in all 50 states… Read more »