Author: InvestAdvocate

Oil prices hover below $77 amid mixed signs on economy

  WEDNESDAY, 21 JULY 2010    Oil prices hovered below $77 a barrel yeterday as traders awaited corporate earnings reports for clues about the strength of the global economy and the outlook for energy demand.By early afternoon in Europe, benchmark crude for August delivery was down 18 cents to $76.36 […]

UBA’s profit for half year hits N8.6 billion

    TUESDAY, 20 JULY 2010    UBA Plc, in the aftermath of the recent banking reforms, has released the bank’s half-year trade financials at the Nigerian Stock Exchange over the weekend.According to a statement from the bank, UBA recorded a strong growth of 370 per cent in profit before […]

CBN to close down unhealthy MFBs in Q3

  By Segun Olatunji, Kaduna   Wednesday, 21 Jul 2010       The Central Bank of Nigeria is set to announce major policy reforms that will drastically reduce the number of microfinance banks operating in the country.Criticisms have continued to trail the operation of the MFBs, many of which are accused […]