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Financial crisis: Worst over in global poll

    By Agency Reporter Wednesday, 22 Sep 2010   Three out of five global investors say the world economy has weathered the financial crisis and has stabilised two years after the collapse of Lehman Brothers Holdings Incorporated.   According to a report from Bloomberg Newyork, few believe the economy […]

STACO offers 1.6 billion rights issue to existing shareholders

By Nike Popoola Wednesday, 22 Sep 2010   STACO Insurance Plc has offered by way of rights issue, 1.6 billion ordinary shares of 50kobo each at 50kobo per share.   The rights issue will be on the basis of one ordinary share for every three ordinary shares held by the […]

Excess loan portfolio: Taming the monster

  WEDNESDAY, 22 SEPTEMBER 2010 BY ENITAR UGWU    Banks by the nature of their business are meant to give out loans. And loans, themselves, are meant to be repaid.When loans are not repaid and they keep growing, they become excess loans.  And that in itself spells doom for any […]