By Oluwole Josiah, Abuja Wednesday, 23 Feb 2011 The Nigeria Deposit Insurance Corporation has commenced negotiations with the Asset Management Corporation of Nigeria on the purchase of N85bn of the N162bn debts being owed liquidated banks. The Acting Managing Director, NDIC, Alhaji Umaru Ibrahim, who disclosed this, said that the […]

By Ademola Alawiye, Accra Wednesday, 23 Feb 2011 The Bank of Ghana on Wednesday granted Energy Bank Limited, owned by Nigerian business tycoon, Mr. Jimoh Ibrahim, a class A banking licence to operate as a universal bank. Ibrahim, while delivering his address at the inauguration of the bank in Accra, […]

By Agency Reporter Wednesday, 23 Feb 2011 NEW YORK: United States office rents will increase for the first time in three years in 2011, with growth “modest and limited to key markets” before a recovery accelerates in 2012, according to CB Richard Ellis Group Incorporated. San Francisco rents probably will […]