Author: InvestAdvocate

Oil output drops, 40 billion barrels target elusive

  MONDAY, 09 AUGUST 2010 00:00 BY OBIORA ADUBA AND SULAIMON SALAU   Nigeria‘s drive to grow daily oil reserve by four million barrels and achieve 40 billion barrels target by the end of 2010 has been hit by major oil firms’ failure to invest in new exploration and exploitation […]

NSE: House Summons Oteh, Okereke-Onyiuke, Dangote

  By Goddy Egene and Onwuka Nzeshi in Abuja, 08.07.2010   The House of Represe-ntatives yesterday waded into the crisis plaguing the Nigerian Stock Exchange, summoning the director general of the Securities and Exchange Commission Ms Arunma Oteh, former director general of the Nigerian Stock Exchange Prof. Ndi Okereke- Onyiuke […]

CBN may liquidate one rescued bank

  MONDAY, 09 AUGUST 2010 00:00 BY TOSIN FODEKE    One of the nation’s banks may not respond effectively to current efforts to rescue it from liquidation, regardless of the mandated package of Asset Management Company of Nigeria (AMCON), a new report has revealed.   The report, packaged by Afrinvest […]