By Layi Adeloye The World Bank has predicted that the Nigerian economy will grow at a double-digit rate in 2011 and beyond with the country’s new focus on investment. The bank’s Country Director for Nigeria, Mr. Onno Ruhl, said this during a courtesy visit to the Minister of Trade and […]

By Udeme Ekwere Market indices closed lower on the Nigerian Stock Exchange on the first trading day of the week as most banking stocks recorded significant losses. The key benchmark indices, which had improved last Thursday, dipped as a result of huge sell-offs witnessed in banking, insurance and other major […]

By Okechukwu Nnodim With about 40 days to the September 30 deadline given to the rescued Deposit Money Banks to recapitalise or face liquidation, the Central Bank of Nigeria, on Monday expressed optimism that the DMBs would clear the hurdle. The banks that lacked the capability to meet the stipulated […]