By Agency Reporter United States stocks rose, with the Standard & Poor’s 500 Index extending its weekly rally, as forecasts at Oracle Corporation and Accenture Plc beat estimates.  Bloomberg News reported on Friday that Portuguese bonds fell after S&P downgraded the country’s debt, while the Australian dollar touched a record […]

By Ademola Alawiye Shareholders of rescued banks have vowed to continue with existing litigation stopping the current management of the banks from handing over the banks to new investors. The shareholders, who spoke in separate interviews with our correspondent, said that they were not carried along by the banks despite […]

By Ademola Alawiye The benchmark lending rate was recently increased from 6.5 per cent to 7.5 per cent by the Monetary Policy Committee of the Central Bank of Nigeria. Experts say the increase will strengthen the value of the naira and control inflation, writes Ademola Alawiye. For the second time […]