BRUSSELS (AP) — The European Union warned Thursday that the 17-country eurozone could slip into “a deep and prolonged recession” next year as the debt crisis shows alarming signs of spinning out of control. The EU’s economic watchdog, the European Commission, said its central forecast is that the eurozone will […]

International Breweries Plc has received final endorsement from its stakeholders to raise N7.2bn, translating to the shareholders taking up 1.479 billion shares of 50 kobo each at N5.08 per share by a way of Rights Issue. The stakeholders gave the endorsement at the company’s Completion Board Meeting in Lagos on […]

As a result of some positive news coming from the nation’s beleaguered banking industry, especially the recent actions of the Assets Management Corporation of Nigeria, an international ratings agency, Standard & Poor’s Ratings Services, said on Wednesday that it was revising its Banking Industry Country Risk Assessment on Nigeria to […]