The following is the text of the speech that Pope Benedict delivered in Latin to members of a consistory, or church council, announcing his planned resignation on Monday. It was distributed by the Vatican in a statement: “Dear Brothers, I have convoked you to this Consistory, not only for the […]
Author: InvestAdvocate
Benedict to resign, first pontiff since Middle Ages to quit
Pope Benedict, leader of the world’s 1.2 billion Catholics, said on Monday he will resign on Feb 28. because he no longer has the strength to fulfill the duties of his office, becoming the first pontiff since the Middle Ages to take such a step. The 85-year-old German-born Pope, hailed […]
FirstRand moves to acquire nationalised bank
Fresh facts have emerged that First Rand Bank, one of South Africa’s biggest banks, may acquire one of the nationalised banks under the control of the Asset Management Corporation of Nigeria. The Chief Executive Officer, FirstRand, Mr. Sizwe Nxasana, said during the inauguration of Rand Merchant Bank Nigeria on Thursday […]