Author: InvestAdvocate

Oil prices inch towards $80

  TUESDAY, 22 JUNE 2010   Oil prices rallied towards $80 yesterday on expectations that demand in China will rise after the nation’s central bank said it would allow the yuan more “freedom of movement”.     New York’s main futures contract, light sweet crude for delivery in July, also […]

NBC’s shareholders okay 50 kobo dividend

  TUESDAY, 22 JUNE 2010 BY   Shareholders of Nigerian Bottling Company (NBC) Plc have approved the proposal by the directors of the company to pay 50 kobo dividend for the year ended December 31, 2009. Speaking at NBC’s 58th yearly general meeting in Lagos, shareholders of the company, while […]

Analysts raise moral questions over purchase of toxic assets by Asset Management Company

  TUESDAY, 22 JUNE 2010 01:23 JOHN OMACHONU    Fresh worries, bordering on the moral justification for expending tax payers’ funds on the controversial toxic assets of banks through the proposed Asset Management Company (AMC) may stall the take-off of the facility with questions being asked on the sourcing of […]