Author: InvestAdvocate

Mop up excess liquidity, experts urge CBN

By Ademola Alawiye Monday, 22 Nov 2010 Analysts have urged the Central Bank of Nigeria to mop up excess liquidity in the system so as to further reduce inflation rate in the economy. Inflation rate dropped for the second consecutive month in October to 13.4 per cent from 13.6 per cent […]

Total’s profit up by 44 per cent

By Udeme Ekwere Monday, 22 Nov 2010 Total Nigeria Plc recorded a profit after tax of N4.20bn in its unaudited results for the third quarter ended, September 30, 2010. This represents a 44 per cent increase over N2.92bn recorded in the corresponding period of 2009. According to the Nigerian Stock Exchange‘s […]

Commodities fall as China moves to curb inflation

By Agency Reporter Monday, 22 Nov 2010 Commodities sank after China told banks to set aside more reserves in an effort to curb inflation, while the euro gained amid prospects for a financial rescue for Ireland. Bloomberg News reported on Saturday that United States stocks advanced after Nike Incorporated increased its […]