By Our Correspondent Wednesday, 15 Dec 2010 Forex Dimensions Limited has instituted a $6m legal suit against a Swiss Firm, Crown Forex, over the latter’s inability to meet its financial obligations to it. In a sworn affidavit deposed at the Federal Capital Territory High Court, Abuja, and dated October 8, 2010; […]

By Agency Reporter Wednesday, 15 Dec 2010 Inflation in China has risen to a 28-month high, sparking warnings of new interest rate rises, the British Broadcasting Corporation reported on Tuesday. The inflation rate, measured by the consumer price index, rose 5.1 per cent year-on-year in November, an increase that was above […]

By Stanley Opara with agency report Wednesday, 15 Dec 2010 The Asset Management Corporation of Nigeria is on track to buy all bad bank loans by the end of December and recapitalise the nine banks rescued last year by the second quarter of 2011, its Chief Executive Officer, Mr. Mustapha Chike-Obi, […]