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NLC issues 7 days ultimatum to Union Bank over UBASS, ASSIBIFI

By Yakubu LAAH investadvocate Jan 17 2011 12.12 GMT Lagos (INVESTADVOCATE)-The Nigerian Labour Congress (NLC) in Abuja Nigeria issued a seven day ultimatum to the Management of Union Bank of Nigeria Plc (UBN) to reverse their action on the withdrawal of its recognition of Union Bank Association of Seniour Staff (UBASS) and […]

Sinking fund: Experts laud resolution by CBN, banks

By Ademola Alawiye Monday, 17 Jan 2011 Financial experts have applauded the Central Bank of Nigeria and the 24 Nigerian Deposit Money Banks following the Memorandum of Understanding signed on the establishment of a banking sector sinking fund. According to the experts, who spoke with our correspondent on Saturday, the sinking […]

‘Nigeria’s dollar bond sale may spur Kenyan offer’

By Stanley Opara with agency report Monday, 17 Jan 2011 Nigeria’s planned sale of dollar-denominated bonds, if successful, may encourage Kenya to go ahead with its own debut sale of Eurobonds, a sub-Saharan African strategist for Citigroup Incorporated, Mr. Leon Myburgh, has said. Kenya may still sell debt abroad even […]