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. […]

  WEDNESDAY, 07 JULY 2010 01:12 BLESSING ANARO     Following the financial crisis that hit the banking sector in 2009, most banks that had huge amounts provided for in their financials as a result of non-performing loans given out to the capital market and the oil and gas sector must have […]