Author: InvestAdvocate

Bank directors call for patience in sale of troubled banks

    FRIDAY, 09 JULY 2010 01:17 IHEANYI NWACHUKWU     Ferdinand Alaraba, president, Bank Directors Association of Nigeria (BDAN), has called for patience in the sale of the five troubled banks.The Central Bank governor, Sanusi Lamido Sanusi, last week, said that the apex bank would sell the five troubled banks […]

IMF lifts global economic growth forecast

  FRIDAY, 09 JULY 2010   The International Monetary Fund (IMF) has upgraded its 2010 global growth forecast yesterday, to 4.6 per cent from 4.2 per cent in April’s review of the global economy, but kept its 2011 view unchanged at 4.3 per cent.It cited robust expansion in Asia and […]

Budget 2010: Protests Trail Fresh Adjustments

  From Kunle Akogun and Onwuka Nzeshi in Abuja, 07.09.2010    President Goodluck Jonathan’s  submission  of a revised  revenue framework  and request  for a slight amendment  to the 2010 Appropriation Amendment Bill  and the 2010 Supplem-entary Budget sparked off a protest yesterday at the House of Representatives  as some lawmakers  […]