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Afrinvest Urges Devt of Non-govt Debt Mkt

  09.20.2010    The Head, Wealth Management, ited, Malcolm Gilroy, has attributed the weak nature of the non-government debt market to poor corporate governance and called for a repositioning of the market. Gilroy, who stated this in a report titled, “Risk Management and Money Laundering,” declared that the bond market […]

Banks Deplete Balance with CBN

  By Emele Onu and Obinna Chima, 09.19.2010    The opening balance of banks with the Central Bank of Nigeria (CBN) dropped significantly last week – reflecting the gradual drain of inter-bank market liquidity.  Banks’ deposits with the CBN had maintained a daily average of N400 billion but by last […]

Solid Minerals: FG Seeks Fresh N12bn W’Bank Loan

    From Kunle Aderinokun in Abuja , 09.19.2010    There are indications that the World Bank-funded Sustainable  Management of Mineral Resources  Project (SMMRP) may be wound up  sometime in  2011, about a year before the May 2012 terminal date when it was expected to have fully utilised the $120 […]