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Bank PHB to name preferred bidder soon

By Ademola Alawiye Monday, 1 Nov 2010 One of the banks rescued by the Central Bank of Nigeria in last year‘s N620 bail-out, Bank PHB Plc, will name its preferred bidder this week. According to a Reuters report on Friday, the Central Bank of Nigeria‘s advisers have recommended a preferred bidder […]

There’s surplus money seeking destination in Africa – Elumelu

By Yemi Kolapo Monday, 1 Nov 2010 There is a lot of money seeking destination in Africa, former Group Managing Director, United Bank for Africa Plc, Mr. Tony Elumelu, has said. He added that, despite the availability of funds, a major problem in African economies was making sure that the funds […]

Nigeria’s economic growth not guarantee for poverty alleviation

ByStanley Opara, Banjul, Gambia Monday, 1 Nov 2010 Given the structure of the Nigerian economy, higher economic growth may not necessarily translate into poverty alleviation, the Chief Executive Officer, Resources and Trust Company Limited, Mr. Opeyemi Agbaje, has said. Agbaje said this at the 2010 Annual Course for Finance Reporters, […]