By Tonny Akowe President Goodluck Jonathan said in Kaduna yesterday that the nation’s external reserve has grown from $32 billion as at November 2010 to $36 billion as at end of last month. The President also restated his adminsitration’s commitment to conducting a free and fair elections next month. […]

EU bank stress tests to be tougher in 2011, assume EU economy shrinking 0.4 percent in 2011 BRUSSELS (AP) — The European Union bank regulator said Friday that this year’s stress tests on banks will be harsher than last year’s due to lower growth assumptions. The test, whose results will […]

By ONYINYE NWACHUKWU Only 1 percent of financing for formal businesses in Nigeria comes from the banks and other financial institutions, figures from the Ministry of Finance have indicated. This, interestingly, is in spite of several efforts by the Central Bank of Nigeria (CBN) and government stimulus to encourage the […]