By Agency Reporter Thursday, 23 Dec 2010 The Kenyan shilling eased against the dollar on Wednesday as the central bank bought euros, while shares eked out meagre gains on strong third-quarter economic growth data. At the close of trading at 1300 GMT, on Wednesday, a Reuters’ report said commercial banks quoted […]

By Stanley Opara Thursday, 23 Dec 2010 Wema Bank Plc hopes to raise about N15bn from the Asset Management Corporation of Nigeria, to shore up its liquidity and boost operation. The Group Managing Director/Chief Executive Officer of the bank, Mr. Segun Oloketuyi, disclosed this in Lagos on Tuesday. This, he said, […]

By Biodun Sonowo Wednesday, 22 Dec 2010 The two chambers of Nigeria‘s parliament where macabre entertainment at public expense is often on display intervened in the ongoing crisis in the capital market the other day. First, the House of Representatives‘Committee on Capital Market angrily berated Arunma Oteh, Director-General of the Securities […]