By Agency Reporter JP Morgan has raised Nigerian external bonds to overweight in its model portfolio, citing high oil prices and the likelihood that April elections will pass off smoothly, returning incumbent President Goodluck Jonathan. Reuters quoted a statement by JP Morgan as saying, “Elections should not be destabilising with […]

By Udeme Ekwere The former Prime Minister of the Republic of Ireland, Mr. Bertie Ahern, has commended the ongoing restructuring in the Nigerian banking sector. According to him, proper regulation in the banking sub-sector will attract more Foreign Direct Investment into the country. Ahern was quoted in a statement from […]

By BRIAN BLACKSTONE The European Central Bank raised interest rates for the first time in nearly three years Thursday, but sought to reassure investors that it won’t embark on a rapid-fire series of increases that could disrupt fragile economies in parts of the euro bloc. Despite those assurances, many analysts […]