By Emele Onu with agency report, 10.13.2010  The Central Banking of Nigeria (CBN) has taken a position to slow down spending of the country’s external reserves for the purpose of defending the naira.Reuters News quoted the CBN Governor Sanusi Lamido Sanusi yesterday as  having told Reuters Insider television in Washington […]

 -To raise fresh capital via Rights Issue By Peter OBIORA investadvocate Oct 12 2010 18.29 GMT Lagos (investadvocate)-Nigerian’s Union Bank Stakeholders has urged it’s Board on the speedy recapitalisation of the Bank. This was contained in a Statement Tuesday 12 October 2010 signed by Francis Barde, Principlal Manager, Corporate Affairs […]

TOKYO – Asian stock markets rose on Wednesday as the minutes from the Federal Reserve’s latest meeting signaled that the U.S. central bank will soon act to boost growth. Investors also took heart from Intel Corp.’s better-than-expected earnings results, which came after the closing bell Tuesday. Intel said its net […]