By Emele Onu, 07.18.2010   Many of the country’s banks have ruled out any new exposure to the aviation sector, especially the airlines, except in the future when the economic environment improves.The banks, according to THISDAY investigations, have merely deployed resources to participate in the aviation Fund, planned by […]

  By Emele Onu, 07.18.2010    Nigeria’s external reserves rose to $38.53 billion last weekend, from about $37 billion at the end of June, 2010, which represented about 3 per cent rise within just a fortnight.  Analysts attributed the rise to the shortfall in demand for foreign exchange, which they […]

    Bank of America earns $2.78 billion in second quarter as loan losses ease , AP Business Writer, On Friday July 16, 2010, 8:54 am   NEW YORK (AP) — Bank of America said Friday its second-quarter net income rose 15 percent to $2.78 billion as improvements in the […]