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Commodities fall as China moves to curb inflation

By Agency Reporter Monday, 22 Nov 2010 Commodities sank after China told banks to set aside more reserves in an effort to curb inflation, while the euro gained amid prospects for a financial rescue for Ireland. Bloomberg News reported on Saturday that United States stocks advanced after Nike Incorporated increased its […]

Experts caution investors against short-term portfolios

By Udeme Ekwere Monday, 22 Nov 2010 Total Nigeria Plc recorded a profit after tax of N4.20bn in its unaudited results for the third quarter ended, September 30, 2010. This represents a 44 per cent increase over N2.92bn recorded in the corresponding period of 2009. According to the Nigerian Stock Exchange‘s […]

Bad debt: Oceanic Bank recovers N111.4bn

By Ademola Alawiye Monday, 22 Nov 2010 Oceanic Bank International Plc said on Friday that it had recovered N111.4bn from bad debts as at the end of the third quarter. A statement issued by the bank on Friday, said the bank had written back N14.8bn, while cumulative recoveries on September 30, […]