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Flourmill, Cadbury others enhance NSE’s indices

TUESDAY, 26 OCTOBER 2010 00:00 BY HELEN OJI AND FEMI ADEKOYA IMPROVED corporate performance, yesterday, buoyed transactions on the Nigeria Stock Exchange (NSE), as major highly capitalised stocks enjoyed price appreciation, causing market capitalisation to inch up by N21 billion. Volume of traded equities also recorded an increase, as 357.6 million […]

US banking regulators in new foreclosures probe

October 26, 2010   US banking regulators will carry out their own investigation into whether lenders were wrong to repossess hundreds of thousands of homes.   The Federal Reserve chairman, Ben Bernanke, says regulators will look at whether mortgage companies cut corners on their own procedures when they moved to […]

CBN Governor Can Remove Bank CEOs, Says Court

Davidson Iriekpen, 10.25.2010   It was a major victory for the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, yesterday when a Federal High Court in Lagosheld that he had statutory power to appoint and remove any bank chief executive or director.   Justice Mohammed Idris made […]