Author: InvestAdvocate

UBA partners Gabon, CODER on $234m electricity projects

By Ademola Alawiye Tuesday, 4 Jan 2011   United Bank for Africa Plc has said that it is collaborating with Company for the Development of Renewable Energy and Gabon‘s Ministry of Energy in the construction of a 36megawatt hydro-power generating plant in the Central African nation. A statement by the bank […]

CBN Extends Deadline on Update of Bank Accounts

The Central Bank of Nigeria (CBN) has extended the deadline it gave customers of banks to update their information with the financial institutions from December 31, 2010 to January 31, 2011.   In a press release from the spokesperson of the bank, Mr. Mohammed Abdullahi said that “having reviewed the […]

Stocks rally, oil price advances on economic outlook

By Agency Reporter Tuesday, 4 Jan 2011 Stocks rallied, sending the Standard & Poor‘s 500 Index to its biggest advance in a month, and oil climbed on speculation America‘s growth will strengthen as China‘s expansion moderates. Bloomberg reported from London that treasuries slid. The S&P 500 increased 1.1 per cent to […]