Archive: Page 2142

Oil prices above $85 for first time since Sept.

As recession concerns retreat, oil climbs 3 percent; gasoline pump prices holding steady Chris Kahn, AP Energy Writer NEW YORK (AP) — Oil prices jumped more than 3 percent Monday… Read more »

OECD indicators paint dark picture of global economy

  By Vicky Buffery PARIS (Reuters) – The outlook for the world’s major economies is continuing to darken according to the latest data from the OECD published on Monday, which… Read more »

Banks brace for capital calls after Dexia rescue

By Philip Blenkinsop and Lionel Laurent BRUSSELS/PARIS (Reuters) – Europe’s banks expect to be told to raise more capital under a Franco-German effort to solve the euro zone debt crisis… Read more »

Intercontinental Bank reports 180,000 unclaimed dividend warrants

By Cynthia Ogbueze InvestAdvocate Lagos (INVESTADVOCATE)-Intercontinental Bank Plc (IB Plc) has reported 180,000 unclaimed dividend warrants by shareholders of the Bank. This was contained in an unclaimed dividend warrant booklet… Read more »

Forte Oil Shops for Institutional Investor

In a move that is unclear to many existing shareholders,   Forte Oil Plc, formerly African Petroleum (AP) Plc is looking for an institutional investor that will take up   204.017 million… Read more »

Banking Sector Reforms: Aftermath of September 30 Deadline

October 05, 2011   Banking reforms…a recap   Last week, the September 30, 2011 deadline set by Central Bank of Nigeria (CBN) brought to a close, the reform programme initiated… Read more »

Hearing in bank shareholders’ appeal starts

  LAGOS – The legal battle between some shareholders of Union Bank Plc, Finbank Plc, Intercontinental Bank Plc, Afribank Plc and the Central Bank of Nigeria, CBN, over the take-over of… Read more »

Crashing naira value: CBN probes forex utilisation

ABUJA – Faced with an unbridled demand for the dollar at the foreign exchange market, forex, leading to consistent crash in the Naira, the Central Bank of Nigeria, CBN, has launched… Read more »

Labour gives condition to support oil subsidy removal

LAGOS – Organised labour, weekend, gave conditions to government before embarking on total removal of subsidy on petroleum products. It said government must give a definite deadline to end importation… Read more »

Deap Capital Gets $150m Funding from US Firm

The plans by Deap Capital Management and Trust Plc (Deap),    to transform into a merchant bank have received a boost as Discoverpoint Holdings, a private equity holding company based in… Read more »