Author: InvestAdvocate

Caution, prudence see return of ailing banks to profitability

  MONDAY, 28 JUNE 2010 01:19 JOHN OMACHONU & BLESSING ANARO     The re-emergence of conservative banking and prudence, among others, are responsible for the gradual return to profitability of the ailing banks and good outing of others in the first quarter results, according to BusinessDay investigations.   The implication, […]

Inter-bank rates ease on budget cash inflow

    MONDAY, 28 JUNE 2010 01:15             Inter-bank rates eased to 1.1 percent on average last week from 1.28 percent penultimate week after the inflow of over N300 billion in monthly budgetary allocations to government agencies boosted liquidity in the system, traders said weekend.They said […]

Real estate value firms up as banks slow down in foreclosure

  MONDAY, 28 JUNE 2010 01:17 BLESSING ANARO     In spite of the generally acknowledged real estate volatility, especially in Lagos, which interestingly appears to have subsided of recent, rents, fair enough, are still down – with rents in the low density areas sliding by 15 percent since March.   […]