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CBN seeks 5% non-performing loans ceiling for banks

  TUESDAY, 17 AUGUST 2010 01:20       The Central Bank of Nigeria (CBN) wants banks to aim for not more than five percent of the total credit to customers becoming classified as non-performing loans (NPLs), BusinessDay investigations have revealed. The development, which is expected to make banks uphold the […]

Oil prices hover around $76 on speculations over demand

TUESDAY, 17 AUGUST 2010    Oil prices hovered below $76 a barrel yesterday, as expectations for fuel demand in the second half of the year were undermined by weaker economic figures from the world’s three biggest economies- the United States of America (U.S.), China and Japan.   By early afternoon […]

Nigerian Investors lose 73% in Dubai property market

      By Peter OBIORA investadvocate Aug 16, 2010 15:41 GMT   Nigerian Investors who invested in the Dubai Property Market in the past few years have lost 73 percent (73%) of their investments in that country. Kingsley Snomi, a Property Consultant confirmed this to investadvocate recently in Lagos […]