Author: InvestAdvocate

N5.2 billion fraud allegation: CBN exonerates Spring Bank GMD and others

  The Central Bank of Nigeria (CBN) yesterday exonerated the management of Spring Bank Plc from any allegations of fraud as recently reported in some daily and evening newspapers.   Some newspapers had reported that the Group Managing Director/Chief Executive Officer of Spring Bank Plc Mrs. Sola Ayodele and key […]

Oil prices rise above $77

  By Agency Reporter   Wednesday, 15 Sep 2010   Oil was steady on Tuesday at above $77 a barrel, a little below one-month highs. The price is ahead of inventory reports expected to show crude stock draws as the shutdown of the biggest Canada-United States pipeline entered a fifth […]

Market stability: Regulators advised on pronouncements

  By Udeme Ekwere   Wednesday, 15 Sep 2010   Regulators in the Nigerian financial system have been cautioned against actions and pronouncements that will further heighten instability in the nation‘s capital market. This advice was given by shareholders at the first Annual General Meeting of Honeywell Flour Mills Plc. […]