Uncategorized

NDIC seek bidders for Hallmark Homes

  By Peter OBIORA investadvocate July 28, 2010 15:20 GMT   The Nigerian Deposit Insurance Corporation (NDIC) is seeking bidders to takeover the defunct Hallmark Homes Limited (Savings & Loans).   This was confirmed to investadvocate today in Lagos Nigeria by our source (name withheld). “We have just received a […]

Nigeria crude Sept output to top 2m bpd – Trade

  THURSDAY, 29 JULY 2010 01:18         Nigeria’s crude oil exports are set to top 2 million barrels per day (bpd) for the third month running in September, trade sources said on Wednesday, as Africa’s largest energy producer improves output reliability. Nigeria will export an average of 2.10 […]

World Bank’s package for acquisition of distressed banks excites analysts

  THURSDAY, 29 JULY 2010 01:13 JOHN OMACHONU     It’s tacit support for our reforms, says CBN Disbursement of N45 billion to GTBank and First Bank by the World Bank to aid in the acquisition of distressed banks has been described as a good omen that will hasten resolution of […]