Why would Dr. Ngozi Okonjo-Iweala and Mr. Nasir El’rufai so trenchantly deny that no brother of the Finance Minister’s benefitted from a contract that may not have met all requirements of due process? Why would they have done this, especially as a firm owned by  Okonjo-Iweala’s brother Mr. Chi-Chi Okonjo, […]

By Alex Richardson SINGAPORE (Reuters) – Asian stocks, U.S. index futures and the euro fell on Wednesday as investors remained unconvinced that euro zone leaders have a coherent plan to tackle the bloc’s sovereign debt problems, which many fear could trigger a new banking crisis. Global markets have been roiled […]

Shareholders of the rescued banks have expressed their willingness to approve the acquisition deals with other banks at the forthcoming Court-ordered general Meetings. Five of the eight rescued banks-Intercontinental Bank Plc, Oceanic Bank International Plc, Union Bank of Nigeria Plc , FinBank Plc and Equatoral Trust Bank  have signed acquisition […]