SUNDAY, 18 JULY 2010 00:00 EDITOR BUSINESS NEWS Professionals Friday’s papers were awash with the news that the Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi has, after 12 months of intransigence finally agreed that shareholders of the eight taken over banks can finally recapitalize their banks. This […]
Author: InvestAdvocate
Proposed Sale of ‘Rescued’ Banks: Senate, Reps Disagree
 SUNDAY, 18 JULY 2010 00:00        BY MARCEL MBAMALU BUSINESS SERVICES – BUSINESS NEWS Selling Them to Foreigners Is Not in Nigeria’s Interest  Unegbu THE idea originally muted, but now reconsidered, by the Central Bank of Nigeria (CBN) to sell the ‘bailed-out’ banks to a blend of foreign […]
Oil prices drop to $76 per barrel
MONDAY, 19 JULY 2010  Oil prices sank on Friday at the end of a volatile week which saw dealers trying to get a fix on the energy demand outlook amid mixed data.New York’s main contract, light sweet crude for delivery in August, fell 61 cents on Friday to […]
