By Agency Reporter Monday, 17 Jan 2011 Switzerland’s Central Bank said it might have posted a record loss in 2010 as the euro’s slump eroded the value of its currency reserves. According to Bloomberg, the shortfall amounted to an estimated 21 billion Swiss francs ($21.8bn), the Zurich-based Swiss National Bank […]

By Yakubu LAAH investadvocate Jan 17 2011 12.12 GMT Lagos (INVESTADVOCATE)-The Nigerian Labour Congress (NLC) in Abuja Nigeria issued a seven day ultimatum to the Management of Union Bank of Nigeria Plc (UBN) to reverse their action on the withdrawal of its recognition of Union Bank Association of Seniour Staff (UBASS) and […]

By Ademola Alawiye Monday, 17 Jan 2011 Financial experts have applauded the Central Bank of Nigeria and the 24 Nigerian Deposit Money Banks following the Memorandum of Understanding signed on the establishment of a banking sector sinking fund. According to the experts, who spoke with our correspondent on Saturday, the sinking […]