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HSBC eyes Gulf, Nigerian banks

By Agency Reporter Thursday, 9 Dec 2010 Nigerian banks and some Abu Dhabi-based lenders are key stock picks for 2011, managers at HSBC Global Asset Management‘s New Frontiers fund have said. The Nigerian government has created the Asset Management Corporation of Nigeria to take on bad loans from the nine institutions […]

Naira weakens on dollar shortage

By Agency Reporter Thursday, 9 Dec 2010 The naira fell against the United States dollar on Wednesday as demand for the greenback outpaced supply at both the official window and the interbank market, traders said. The local currency closed at 151.95 to the dollar at the interbank market, down from 151.30 […]

Another blow on Cecilia Ibru, removed from Board of e-Transact

By Peter OBIORA investadvocate Nov 08 2010 17.24 GMT Lagos (INVESTADVOCATE)-Cecilia Ibru, former Managing Director/Chief Executive Officer (MD/CEO) of Oceanic Bank Plc has been removed from the Board of e-Transact International Plc.   This was contained in a notice by the company Wednesday December 08 2010 to the Nigerian Stock exchange […]