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Presidency submits bill to create wealth fund

  By Agency reporter   Tuesday, 14 Sep 2010   President Goodluck Jonathan said on Monday that he had sent a bill to the parliament to create a sovereign wealth fund. He also said that federal and state governments had set aside $1bn in seed capital. Reuters quoted the President […]

‘How financial inconsistency is worsening liquidity problem’

  By Nike Popoola   Tuesday, 14 Sep 2010   The immediate past President of the Association of National Accountants of Nigeria, Dr. Samuel Nzekwe, has canvassed the need to check the inconsistency in the financial system, which is crippling economic activities. He said that the financial inconsistency as a […]

Banking: Low confidence, credit squeeze worry CIBN

  By Stanley Opara   Tuesday, 14 Sep 2010   The Chartered Institute of Bankers of Nigeria has listed low level of confidence in the financial system and lack of credit among the numerous challenges mitigating against the stability of the Nigerian economy. The body, however, said there was the […]