By Our Correspondent NEW YORK: Stocks will take their cues from the oil market next week as unrest rumbles through the Middle East. But so far, equity investors are sanguine, believing the economic recovery wins the day. Reuters reported on Saturday that sentiment was driving large daily swings as traders […]

By Segun Olatunji, Kaduna Unity Bank Plc has said that it will divest more than N6bn worth of investments from its seven subsidiaries and three associated companies. The bank also disclosed that it had succeeded in recapitalising by raising more than N17.7bn via rights issue, thus increasing its shareholders’ fund […]

  By Obinna Chima, 05 Mar 2011 Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi Friday said two out of the nine rescued banks have signed agreement with their preferred investors. The CBN Governor, who said this in an interview with Bloomberg, stated that the process would […]