Author: InvestAdvocate

BP shares down, spill-related legal battles rage

  Reuters On Thursday June 24, 2010, 11:00 pm EDT By Ernest Scheyder VENICE, Louisiana (Reuters) – The Gulf of Mexico oil spill entered its 67th day on Friday with BP’s New York share price at year lows and bad weather looming that could hamper clean-up and containment efforts. The […]

FG sells N80bn in sovereign bonds

Friday, 25 Jun 2010      The Federal Government auctioned N80bn worth of 20-year, five-year and three-year sovereign bonds at its sixth debt auction of the year.   The Debt Management Office said on Thursday that it sold N20bn of the 20-year paper, N30bn of the five-year instrument and N30bn of […]

Nigerian airlines struggle under heavy debt burden

  FRIDAY, 25 JUNE 2010 01:17            Nigeria’s airlines owe banks and the government as much as N300 billion ($2 billion) after funding rapid expansion with short-term loans, leaving some firms struggling, industry and financial sources say. The airline industry in Africa’s most populous nation has seen explosive growth in […]