All posts by admin

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  US politicians struck a deal to solve cash crisis

  US politicians finally struck a deal to solve their cash crisis last night, saving the world from economic ruin. President Barack Obama announced that Democrats and Republicans agreed a plan to raise America’s debt ceiling to $17TRILLION. He...

  • Posted August 1, 2011
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  Emerging markets now a much safer bet – Mobius

  The U.S. dollar and Treasurys, which proved to be safe havens during the global financial crisis, can no longer be viewed as such because of the on-going debt impasse, renowned investor Mark Mobius told CNBC on Friday....

  • Posted July 30, 2011
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  Rivers State House of Assembly approved N250 billion for state bond

  Rivers State House of Assembly has approved N250 billion for the proposed state bond in order to facilitate infrastructural development in the state. The first tranche of N100 billion bond is due in October, with a tenor of  three to five years. Leader...

  • Posted July 30, 2011
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  Ecobank Nigeria sacks 400

  A dark cloud hovered once more, around the nation’s banking industry, as Ecobank Nigeria Plc announced the sack “about 400” workers, without offering any explanations. The sack is coming at a time when many thought the worst times...

  • Posted July 29, 2011
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  Oando investing N75 billion in the development of gas plants in Nigeria

  The Group Managing Director of Oando Plc, Mr. Wale Tinubu, has said the company is investing a whopping $500 million, an equivalent of N75 billion in the development of gas plants in Nigeria to solve the problem...

  • Posted July 28, 2011
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  America owes foreigners and foreign governments 4514 trillion dollars

  The TRUTH About Who Really Owns All Of America’s Debt Hong Kong :-  Holdings of US Treasuries: $121.9 billion- Percent of US Debt that they own: 0.9% Caribbean Banking Center:- Holdings of US Treasuries: $148.3 billion – Percent of...

  • Posted July 28, 2011
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• CBN to Review Upward FOREX Sales to Bureaux De Change

  The Central Bank would soon review upward the limit on banks’ autonomous foreign exchange sales to bureaux de change (BDC). The apex bank indicated this in the communiqué issued at the end of the monetary policy committee...

  • Posted July 28, 2011
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  Stanbic IBTC posts N4.73b in half year profit

  The management of Stanbic IBTC Bank, on Wednesday reported that although gross earnings income for the half year ended June 30, 2011 rose to N32.197 billion from N28.376 billion in the corresponding period of last year, profit before...

  • Posted July 28, 2011
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  First Bank posts N36b in half-year profit

  First Bank of Nigeria (FBN) Plc grew net profit by more than 23 per cent in the first half of this year, harnessing the gains of the recent restructuring to improve its market share and profitability. Interim report and...

  • Posted July 27, 2011
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• Nigeria’s dollar bond yields fell to a record low

  Nigeria’s dollar bond yields fell to a record low as demand for higher-yielding assets rose after officials approved an aid payment to Greece to prevent a default and the naira gained after an inflow curb was lifted....

  • Posted July 27, 2011
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