Group plots takeover of five top banks

ANTI-CONSOLIDATION forces have regrouped with the hope of dismantling the structures and forcing a takeover of the top five banks in the country, Vanguard can now...

CBN clearifies stand on bank crisis, as SEC disown statement

By Omoh Gabriel The CBN said that its views on the impact of the financial crisis on the economy has been misinterpreted and misrepresented by Nigerians....

FG sets up budget monitoring team to ensure 6,000MW in December

The Federal Government has set up an inter-ministerial budget monitoring committee to ensure the speedy completion of ongoing power projects in the country. The Committee which...

Anti consolidation forces regroup, targets take over of five top banks, *Move in on selected new generation`banks

By Omoh Gabriel LAGOS — Anti consolidation forces have regrouped with the hope of dissembling the banks and forcing a take over of the top five...

Capital flight takes toll on the naira as $4.70bn flows out in 4 weeks, puts pressure on lending rates

By Omoh Gabriel, Business Editor The capital flight that hit the Nigeria economy has continued unabated as Nigerians, corporate bodies are still moving funds massively out...

Financial crisis: Banks seek govt bailout

By Omoh Gabriel, Business Editor Despite carrying on as if there are no problems whatsoever, indications emerged yesterday that some Nigerian banks have approached government for...

Recession: Print more naira now Jimoh Ibrahim urges FG

By Omoh Gabriel LAGOS — Managing Director/CEO Global Fleet Energy and Chairman NICON Group, Barrister Jimoh Ibrahim yesterday urged President Umaru Yar’Adua to print and circulate...

Nigeria top Africa investment index

By Omoh Gabriel Nigeria has been described as a future investment destination in Africa, according to a survey report released in London yesterday. The survey report...

WAfrica Crude-Bonny under force majeure, tenders out

Royal Dutch Shell declared force majeure on its Bonny Light shipments, while Nigerian crude was taken in two tenders on Thursday, traders said. Traders assessed Bonny...

Economic crisis management team: what line of actions Nigerians expect

By Omoh Gabriel When the global financial melt down started mid last year, it was widely believed that the toxic assets in America and European banks...

Does it bother you that your financial assets may go down in value because of the broader financial meltdown?

By Omoh Gabriel, AS the global financial melt down takes its toll on companies’ share value, financial instruments and in recent time human lives, Nigerians are...

What hope for Nigerians in 2009

By Omoh Gabriel, Group Business Editor 2009 is probably a year that Nigerians will be made to pay for the lack of policy direction of their...

By Omoh Gabriel, Business Editor President Umaru Musa Yar’ Adua has in the provision of the 2009 budget introduce austerity measure in Ministries, Departments and Agencies...

Financial melt down: G20 urges IMF/World Bank to sustain the momentum of infra-structure investment for development in low income countries.

By Omoh Gabriel The ministers of Finance and Central Bank governors of the Group of 20 emerging economies that met in Brazil on Sunday have said...

Civil service in its current state lacks the capacity to anchor the race to 2020″

By Omoh Gabriel The 14th Nigeria Economic summit has outlined the various huddles on the way of Nigeria’s bid to becoming one of the twenty largest...