By Agency reporter Wednesday, 5 Jan 2011 Optimism about the state of the world economy lifted stocks on Tuesday and kept oil prices at a near 27-month peak. Reuters reported from London on Tuesday, that Wall Street looked set to join in with gains at the open, the dollar was flat […]

By Ademola Alawiye Wednesday, 5 Jan 2011 Following the signing of debt-purchase agreements between the Asset Management Corporation of Nigeria and 21 Deposit Money Banks, financial analysts have said that lending by the banks will not be instantaneous. The analysts, who spoke with our correspondent on Monday, said that the credit […]

By Ademola Alawiye Wednesday, 5 Jan 2011 The Central Bank of Nigeria has issued new rules guiding the sales of foreign currency in the country. According to a statement on the CBN website, the revision of the guidelines is to prevent deposit money banks from selling the foreign currency purchased at […]