Author: InvestAdvocate

Asset management company takes off July 26

  Written by Odidison Omankhanlen and Friday Ekeoba, Lagos Wednesday, 14 July 2010   Barring any unforeseen circumstance, the Asset Management Company (AMC), an establishment that will soak up bad debts in the banking sector, is set to take off in the next two weeks.   This follows the receipt […]

Bank lending to real estate drops 60% as credit squeeze lingers

  FRIDAY, 16 JULY 2010 01:20 CHUKA UROKO     The real estate sector of the economy has seen a substantial drop in bank lending that hovers between 60 and 70 percent following the credit squeeze in the banking sector. Due more to the on-going banking reform than the global economic […]

FG’s 7% growth report questioned

  FRIDAY, 16 JULY 2010 01:21 BLESSING ANARO     The report by the National Bureau for Statistics (NBS) that the economy grew by 7.2 percent in the first quarter of 2010 is raising eyebrows among experts who say it is illogical for the economy to have grown by such magnitude […]