Author Archives: InvestAdvocate

Nigeria’s Exchange approves N50.5 billion issues for listing

By Peter OBIORA investadvocate Dec 20 2010 17.20 GMT Lagos (INVESTADVOCATE)-The Council of The Nigerian Stock Exchange (NSE) through its Quotations Committee on Monday December 20 2010 approved for listing two… Read more »

Stocks edge up after Obama extends tax cuts

Stocks open higher after President Barack Obama signs $858 billion tax package         Chip Cutter, AP Business Writer, On Monday December 20, 2010 NEW YORK (AP) — An extension of tax… Read more »

Toxic assets: AMCON concludes deals with 17 banks – MD As the Asset Management

By YEMI KOLAPO Monday, 20 Dec 2010 Corporation of Nigeria settles down to the task of buying over the toxic assets of Deposit Money Banks, its Managing Director, Mr. Mustapha Chike-Obi,… Read more »

IMF disburses ¤2.5bn more to Greece

By Agency reporter Monday, 20 Dec 2010 The International Monetary Fund said on Friday that it was disbursing about ¤2.5bn ($3.3bn) more to Greece as part of an effort to bail… Read more »

Branchless banking: Experts laud initiative

By Stanley Opara Monday, 20 Dec 2010 Finance experts in Nigeria have commended the planned introduction of branchless banking in Nigeria by 3Line Card Management in partnership with some Nigerian banks…. Read more »

Accion MFB’s capital base hits N1.2bn

ByAdemola Alawiye Monday, 20 Dec 2010 Accion Microfinance Bank has declared a capital base of N1.2bn at the end of 2010. Speaking at the bank’s Annual Customer Forum on Wednesday,… Read more »

Euro dips as US Treasuries rally

By Agency reporter Monday, 20 Dec 2010 The euro fell against the dollar for a second straight week and global stocks edged lower on Friday, weighed by renewed concerns over euro… Read more »

Fidelity Bank to concentrate on commercial banking

By Stanley Opara Monday, 20 Dec 2010 Fidelity Bank Plc has said the best way to realise its growth potential and unlock value for its shareholders, is to concentrate on commercial… Read more »

Intercontinental Bank targets future entrepreneurs with IDF

By Stanley Opara Monday, 20 Dec 2010 Intercontinental Bank Plc has said it aims to create future entrepreneurs, who will make a difference in wealth generation and management with its flagship… Read more »

Geo-Fluids assures investors of good returns

By Ademola Alawiye Monday, 20 Dec 2010 The management and board of directors of Geo-Fluids Plc have assured shareholders of the company of good returns in the next financial period. The… Read more »