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Oil prices fall as dollar gains against euro, pound

  MONDAY, 12 JULY   Crude oil declined, reversing earlier gains as the dollar advanced against the euro and the pound, making the commodity more expensive for European investors.Crude remains headed for a weekly gain as higher equities in Asia and Europe bolster optimism that fuel demand may increase. The […]

EAIF improves finance with $600m

  MONDAY, 12 JULY 2010   Emerging Africa Infrastructure Fund (EAIF), has increased its funding capacity to $600 million, following the signing of a new credit line with the International Finance Corporation, African Development Bank and the Austrian Development Bank.   This is the third occasion on which EAIF has […]

Clear Trapped Deposits in AIB, NDIC Tells Ecobank

  By Emele Onu, 07.11.2010    The Nigeria Deposit Insurance Corporation (NDIC) has called on the Management of Ecobank Plc to conclude payments to all depositors of the acquired African International Bank Limited (AIB).   The bank is yet to pay about N1.6 billion, out of the N10.9 billion deposits […]