Author: InvestAdvocate

AFIG invest $14 million in ECOBANK

P   By Peter OBIORA investadvocate July 30, 2010 16:00 GMT   Advance Finance & Investment Group (“AFIG”), managers of the Atlantic Coast Regional Fund (“ACRF”) has invested $14 million about (N2.1 billion) in Ecobank Transnational Incorporated (ETI).     This was contained in a notification dated July 30 2010 […]

Recession was deeper than gov’t previously thought

    Recession inflicted more damage on economy than previously thought, government data show Jeannine Aversa, AP Economics Writer, On Friday July 30, 2010   The recession was deeper than the government previously thought.   The Commerce Department, in revisions issued Friday, estimates the economy shrank 2.6 percent last year […]

Chevron 2Q income triples on higher energy prices

  Oil industry booms; Chevron Corp. 2Q earnings triples on higher fuel prices, refining margins Chris Kahn, AP Energy Writer, On Friday July 30, 2010, 10:45 am EDT     Chevron’s second-quarter earnings tripled on better refining margins and higher prices for oil and natural gas, the company said Friday. […]