By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Sterling Bank Plc signed a Transaction Implementation Agreement (TIA) with Equatorial Trust Bank (ETB) in order to acquire the Rescued Bank. Sources close to Investadvocate confirmed this Thursday August 11 2011 in Lagos Nigeria. Our Source also affirmed that the Central Bank of Nigeria (CBN) […]

August 08, 2011 Highlights:   1. The 5th August nationalizations bring to an intermediate end a sorry chapter in Nigeria’s recent banking history 2. Soludo had under estimated the scale of the problem 3. Today, two years later, Nigeria’s banking system is probably one of the most stable in the […]

By PAMELA SAMPSON – AP Business Writer BANGKOK (AP) — Asian stock markets continued their slump Thursday but European shares clawed back ground as traders awaited data that they hoped would show a brighter employment picture in the U.S. Oil prices hovered below $83 a barrel, while the dollar slipped […]