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Global oil demand to rise by 92m b/d in 2015, says report

  TUESDAY, 29 JUNE 2010 BY OBIORA ADUBA    The outlook for crude oil and natural gas markets is uncertain as the global oil demand is expected to rise by 92 million barrel per day (b/d) in 2015, the International Energy Agency (IEA), has said.IEA said this on its latest […]

CBN gets buyers for troubled banks

  TUESDAY, 29 JUNE 2010 FROM MADU ONUORAH (ABUJA), WOLE SHADARE, CHIKA GOODLUCK OGAZI AND TOSIN FODEKE (LAGOS)    Three international banks and some local investors have offered to take over five troubled banks in Nigeria. Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, disclosed yesterday in […]

CBN Extends Unity, Wema Bank Recapitalisation Deadline

  By Emele Onu, 06.29.2010    The Central Bank of Nigeria (CBN) yesterday extended the recapitalisation deadline it gave Unity Bank and Wema Bank by three months. Both banks had been given till tomorrow, June 30 to recapitalise or face the axe of the apex financial institution.     The CBN […]