Author: InvestAdvocate

12 banks failed CBN’s audit in 2010

Lagos, Odidison Omankhanlen   10 rescued banks for acquisition in coming days- Sanusi   The H1 2010 Economic Report   Despite the various regulatory interventions put in place by the Central Bank of Nigeria (CBN) to put the banking sector on a sound footing, 12 banks in the country still […]

Oil jumps to near $107 amid fierce Libya fighting

  By PABLO GORONDI, Associated Press Oil prices climbed to near $106 a barrel Monday as intense fighting between Libyan government forces and rebels appeared to be turning into a civil war and raised the prospect of a prolonged cut in crude exports from the OPEC nation. By early afternoon […]

Oil jumps above $106 amid fierce Libya fighting

  Oil jumps above $106 in Asia to fresh 2-year highs as Libya conflict intensifies Alex Kennedy, Associated Press SINGAPORE (AP) — Oil prices rose to above $106 a barrel Monday in Asia as investors worried intense fighting between Libyan government forces and rebels suggested the OPEC nation faces a prolonged […]