Author: InvestAdvocate

Oil price futures pare losses after EIA data

  THURSDAY, 24 JUNE 2010   United States (U.S.) crude oil price futures pared losses yesterday, immediately after government report showed that crude stocks last week rose less than an industry inventory report released late Tuesday.   The U.S. Energy Information’s inventory report also showed gasoline stocks fell near expectations […]

National Assembly passes CBN’s AMCON bill

  THURSDAY, 24 JUNE 2010 BY   The Ministry of Finance and CBN remain convinced that with the setting up of this corporation, the nation is close to a final resolution of the banking crisis and the repair of banks’ balance sheets.   Finally, the Asset Management Corporation of Nigeria […]

First Bank Eyes Equity Stake in Chinese Bank

  From in Beijing, 06.24.2010    First Bank of Nigeria Plc will record another milestone today with the opening of its representative office in Beijing, China, making it the first Nigerian bank to establish an office offering financial services to Chinese, African and other customers in the Far East.   […]