Author: InvestAdvocate

Wonder bank: Scheme fuelled by greed, ignorance?

  WEDNESDAY, 07 JULY 2010 BY ENITAR UGWU   With a whopping N106.9 billion trapped in wonder banks, victims are currently licking their wounds. In this report, ENITAR UGWU examines the factors that led to their fate.In human nature, greed is a dangerous thing.  Add ignorance to that, and you […]

Two Nigerian firms secure IFC’s $12.1m for hotel business

  WEDNESDAY, 07 JULY 2010 BY BUKKY OLAJIDE        International Finance Corporation (IFC), a member of the World Bank Group, has announced a fresh investment of $12.1 million (N1.8 billion) in two Nigerian companies- Skye CAPIC and CAPIC Hexagon, to develop two hotels in the country.   Specifically, IFC will […]

Africa’s oil exporters need to enhance growth through diversification – Report

  WEDNESDAY, 07 JULY 2010 01:10 IHEANYI NWACHUKWU   Africa’s oil and gas exporters, especially the three largest producers – Algeria, Angola, and Nigeria are said to have the continent’s highest Gross Domestic Product (GDP) per capita, but the least diversified economies.   For these countries, rising oil prices lifted their […]