Author: InvestAdvocate

CBN moves to free more credit for economic growth

  WEDNESDAY, 07 JULY 2010 01:12 BLESSING ANARO     Following the financial crisis that hit the banking sector in 2009, most banks that had huge amounts provided for in their financials as a result of non-performing loans given out to the capital market and the oil and gas sector must have […]

FG to save $10 billion, signs $25bn refineries’ deal with Chinese group

  WEDNESDAY, 07 JULY 2010 01:26 OLUSOLA BELLO & DON OKERE     The Nigerian National Petroleum Corporation (NNPC) said on Tuesday three new refineries will be on-stream by 2014, following a deal signed with China State Construction Engineering Corp (CSCEC) in May.   The three refineries will have a combined capacity […]

D-8 Central Banks Endorse Monetary Collaboration

  By Emele Onu, 07.07.2010    Central Bank authorities from eight developing  countries (D-8) including Nigeria, Bangl-adesh, Egypt, Indonesia, Iran, Malaysia, Pakistan and Turkey yesterday agreed to foster collaboration among member countries for the purpose of monetary, fiscal stability and development of member nations.     At the maiden D-8 […]