By Ademola Alawiye Monday, 10 Jan 2011 Traders have said that the withdrawal of funds by the Nigerian National Petroleum Corporation on Friday will increase inter-bank rates this week. According to traders, who spoke to our correspondent on Friday, the removal of funds by NNPC will reduce liquidity and push the […]

By Stanley Opara with agency report Monday, 10 Jan 2011 Global food prices hit a record high last month, outstripping the levels that sparked riots in several countries in 2008, and key grains could rise further, the United Nations‘ food agency has said. The world‘s biggest economies are working to find […]

By Stanley Opara Monday, 10 Jan 2011 Consolidated Estates Building Society Limited, TMC Savings and Loans Limited and Mutual Alliance Savings are working on a merger of the institutions. This move, according to a statement by Consolidated Estates and Building Society on Friday, is aimed at repositioning the firms to become […]