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FG’s 7% growth report questioned

  FRIDAY, 16 JULY 2010 01:21 BLESSING ANARO     The report by the National Bureau for Statistics (NBS) that the economy grew by 7.2 percent in the first quarter of 2010 is raising eyebrows among experts who say it is illogical for the economy to have grown by such magnitude […]

PMorgan earns $4.8 billion in 2nd quarter

  JPMorgan earns $4.8 billion in second quarter as loan losses drop shaprly         Stevenson Jacobs, AP Business Writer, On Thursday July 15, 2010, 10:18 am EDT NEW YORK (AP) — JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion […]

CBN makes U-turn on new guidelines

  Jul 15, 2010 By Babajide Komolafe   Abuja — The Central Bank of Nigeria, CBN, has backpedalled on its directive that banks should disclose executive compensation and bonuses in their annual accounts.The apex bank, last week, issued a new  prudential guidelines  which replaced the one issued in May which […]