Standard Chartered Plc has announced a rise of nine per cent in its income and profit to $9.51bn and $3.95bn respectively for the first half of 2012. A statement by the bank on Friday said it represented a tenth consecutive record first half of profit growth. The statement said, “The […]
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PIB: Operators see boost in market activities after passage
The plan in the Petroleum Industry Bill to list the National Oil Company and the Nigerian Gas Company on the Exchange, if actualised, will deepen the market, Udeme Ekwere writes Following the meltdown that rocked major global economies including the Nigerian capital market in 2008, regulators have been involved in […]
MPC decision: Borrowing cost to rise by 5%
Following the decision of the Monetary Policy Committee to increase the cash reserve requirement, financial analysts have said that borrowing cost will shoot up by a maximum of five per cent. The Managing Director, Financial Derivatives Company Limited, Mr. Bismark Rewane, said in a report made available to our correspondent […]
