Author: InvestAdvocate

Is the world heading for another recession?

  WEDNESDAY, 14 JULY 2010                                      Some unsavoury events in global economy have been sounding the death knell of moderate recoveries in economies around the world, after the recent traumatic recession. From mounting debts in Europe; sliding employment opportunities and record environmental disaster in USA; and failure of G20 countries […]

Oil prices trade above $77 on improving global economic report

  WEDNESDAY, 14 JULY 2010    Oil prices rose yesterday (Tuesday) as the global economic recovery got a boost on two fronts after weeks of mixed news.Benchmark crude rose about three per cent in midday trading, a day after the quarterly company earnings season got off to a better-than-expected start. […]

Rescued Banks: LCCI Proposes Recapitalisation Guidelines

  By Crusoe Osagie, 07.14.2010    Lagos Chamber of Commerce and Industry (LCCI) yesterday, proposed guidelines for recapitalisation for the banks recently rescued by the Central Bank of Nigeria (CBN).   LCCI second quarterly report released and presented by the President of the Chamber, Otunba Femi Deru, listed guidelines which […]