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‘Banks to finance critical sectors of economy’

By Ademola Alawiye Tuesday, 23 Nov 2010 Deposit Money Banks, under the umbrella of the Bankers‘Committee, have resolved to provide funding to critical sectors of the economy. This is to ensure sustained economic development in the country by floating development bonds. This resolution was made at the Bankers‘Committee National Retreat, held […]

EU bailout endangers Irish government, slams banks

By SHAWN POGATCHNIK, Associated Press DUBLIN – Investors sold off Ireland’s bank shares and the government struggled to survive after conceding it will need a massive bailout, a measure meant to contain Europe’s debt crisis but which experts say will fail to protect other vulnerable countries, particularly Portugal.   Ireland‘s rescue, which follows Greece’s […]

UBA commences operation in Mozambique Nov’ 22 2010

By Peter OBIORA investadvocate Nov 22 2010 17.00 GMT Lagos (INVESTADVOCATE) – Africa’s Global Bank, United Bank for Africa Plc (UBA) has reported it has commenced operations in Mozambique Monday November 22 2010.   UBA made this affirmation in a notice it issued to the Nigerian Stock Exchange NSE the same […]