By , FINANCE EDITOR Indications were rife at the weekend that two middle-level banks are presently locked in the battle to take over “rescued” Afribank of Nigeria Plc, as part of the ongoing determination by the Central Bank of Nigeria (CBN) to sell the bank, which clocked 50 quietly […]

  Wednesday, 7 July 2010   Shares on a range of world markets jumped on Tuesday as investors looked to take advantage of what they perceived as cheap, oversold stocks.The imminent announcement of pricing details for the flotation of Agricultural Bank of China (Agbank) helped to improve sentiment.   Positive […]

  By Stanley Oronsaye July 7, 2010 02:12AM   Rating agencies have scaled down their rating of Nigerian banks, unlike the period between 2005 and 2009 when several rating agencies were over themselves in rating the banks.   Global rating agencies like Standard and Poor’s (S&P), Global Credit Rating Co. […]