The House of Representatives, Tuesday, mandated its Committee on Banking and Currency to investigate the operations of the Union Bank of Nigeria Plc under the management of Mrs. Funke Osibodu and report to the House within 21 days. This followed a motion of urgent public importance sponsored by Hon. Akpan […]
Author: InvestAdvocate
Shares grind up ahead of Fed minutes, euro off lows
World shares pushed to three-week highs on Wednesday as weak Chinese data sparked talk of monetary easing in Beijing, while the dollar dipped as markets awaited minutes from last month’s Federal Reserve meeting. Europe’s broad FTSEurofirst 300 (.FTEU3) share index was up 0.1 percent by 0745 GMT (3.45 a.m. EDT) […]
Ranking: Analysts call for fresh recapitalisation of banks
Economists have asked the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, to consider instituting a fresh recapitalisation of the nation’s banks to make them bigger than what they are currently. They spoke against the backdrop of last week’s ranking of top 1000 world banks by The Banker magazine of […]
