WEDNESDAY, 07 JULY 2010 01:22 BLESSING ANARO     The Nigerian Inter-Bank Offer Rate (NIBOR), the rate at which banks lend money amongst themselves at the inter-bank market, rose to unprecedented high on Tuesday after the Nigerian National Petroleum Corporation (NNPC) said it was withdrawing unspecified amount of money from […]

  WEDNESDAY, 07 JULY 2010 BY ENITAR UGWU   With a whopping N106.9 billion trapped in wonder banks, victims are currently licking their wounds. In this report, ENITAR UGWU examines the factors that led to their fate.In human nature, greed is a dangerous thing.  Add ignorance to that, and you […]

  WEDNESDAY, 07 JULY 2010 BY BUKKY OLAJIDE        International Finance Corporation (IFC), a member of the World Bank Group, has announced a fresh investment of $12.1 million (N1.8 billion) in two Nigerian companies- Skye CAPIC and CAPIC Hexagon, to develop two hotels in the country.   Specifically, IFC will […]