By Agency reporter Wednesday, 5 Jan 2011 American International Group Incorporated, the insurer that is divesting assets to repay billions of dollars in United States government aid, may be preparing to sell a $510m dollar stake in Blackstone Group LP, a Bloomberg report said on Tuesday. AIG, based in New York, […]

By Agency reporter Wednesday, 5 Jan 2011 Skye Bank Plc has won the Central Bank of Nigeria‘s award as the ”Best Bank in Clearing” in the Abeokuta clearing zone for the year 2010.  A statement issued by the bank on Tuesday said it emerged the best bank in clearing, based on […]

By Agency reporter Wednesday, 5 Jan 2011                         The European Union may give regulators power to block new products and limit trading risks at banks deemed too big to fail, as part of plans to protect public finances from future financial crises, Bloomberg reported on Tuesday. National regulators of cross-border banks may […]