Author: InvestAdvocate

We Have Been Vindicated On Banks Recapitalization- Renaissance

SUNDAY, 18 JULY 2010 00:00 EDITOR  BUSINESS NEWS Professionals Friday’s papers were awash with the news that the Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi has, after 12 months of intransigence finally agreed that shareholders of the eight taken over banks can finally recapitalize their banks. This […]

Proposed Sale of ‘Rescued’ Banks: Senate, Reps Disagree

    SUNDAY, 18 JULY 2010 00:00         BY MARCEL MBAMALU BUSINESS SERVICES – BUSINESS NEWS  Selling Them to Foreigners Is Not in Nigeria’s Interest — Unegbu THE idea originally muted, but now reconsidered, by the Central Bank of Nigeria (CBN) to sell the ‘bailed-out’ banks to a blend of foreign […]

Oil prices drop to $76 per barrel

  MONDAY, 19 JULY 2010    Oil prices sank on Friday at the end of a volatile week which saw dealers trying to get a fix on the energy demand outlook amid mixed data.New York’s main contract, light sweet crude for delivery in August, fell 61 cents on Friday to […]