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From financial crisis to post recapitalisation, Nigerian banking has passed through one of its most difficult times in history to emerge at the threshold of yet a new beginning. Some banks that started the journey couldn't make it to the end and some have made it bruised and battered.
When competition among banks intensified on the asset side of the balance sheet in 2006 and 2007, margin lending grew in popularity. In the share price meltdown that followed in 2008, margin borrowers tasted the bitter side of credit. The banks and the Central Bank, by enforcing debt recovery outside the terms of agreement, added much to that bitterness.
The equities market is presently in a state of confusing signals and the
question of what to buy isn't easily answered. This is not quite a
normal bull and you can't play it well without understanding why it has
become what it is. There is a bullish sunshine in the market but it is
beclouded by a bearish fever, which is keeping many stocks in the cold.
Money is a subject in which every body is interested and nobody has all
the answers. The wide interest in money is a reflection of the many
aspects of people's social and economic lives which it affects. Whether
money functions orderly or disorderly, it produces significant effects
upon economic aggregates consumption, employment, production and
distribution of wealth in the economic society.
THE year 2010 may not be a better time for the nation’s manufacturing
sector currently smarting from the effects of the inclement business
environment that has prevailed in the country since the last two
decades. Why? Because nothing has changed. Instead of getting better,
things will get even worse for the sector as critical indicators have
revealed.
WITH only six years until the 2015 deadline to achieve the Millennium
Development Goals, UN Secretary-General Ban Ki-moon chose these words
to strongly urge governments to engage constructively in the
preparations for a high-level meeting in September 2010 to review
progress towards the MDGs and other international development goals.
AGGRIEVED workers of Unilever Nigeria Plc may drag the company to court
early next year if the federal government fails to compel the
management of the company to reverse their dismal according to
BusinessWorld Intelligence.
Capital Flight: China to Invest in IPP
- By Pearl Ngwama
- Published Tuesday 5th 2010
- Economy
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CHIEF Matthew Uwakwe, chief executive officer of Nigeria-China Business
Council, has disclosed the intention of the council to boost the
Nigerian economy by bringing in the Chinese to invest in Independent
Power Project (IPP).


Economy