Author: InvestAdvocate

AIG may join bailout lawsuit against U.S. government

American International Group Inc , the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totalled $182 billion, may now join a lawsuit against the government alleging the terms of the deal were unfair, the company said on Tuesday. The news prompted a swift reaction from […]

Skye Bank Finances Pan Ocean’s Gas Plant

As further demonstration of its renewed commitment to the development of indigenous capacity in the oil and gas sector, through funding, Skye Bank Plc has provided funding for Pan Ocean Oil Corporation’s Ovade-Ogharefe Gas Processing Plant.   The Ovade-Ogharefe Gas Processing Plant was designed as a Carbon Emission Reduction Project […]

Reps want independent body to supervise banks

Indications have emerged that the House of Representatives may strip the Central Bank of Nigeria of its supervisory role. The Chairman, House of Representatives Committee on Banking and Currency, Mr. Jones Onyereri, said the move to strip the CBN of its supervisory role would be an integral focus of the […]