Banks’ N1tr Loans Trapped in Stocks, Says NSE By Goddy Egene and Eromosele Abiodun Director-General of the Nigerian Stock Exchange (NSE), Prof.Ndi Okereke-Onyiuke, yesterday confirmed that the nation’s 24 banks loaned about N1 trillion to stock broking firms and investors who invested in shares in the stock market. The significant part of the money given out by banks in form of margin loans has been trapped in the market due to the global financial meltdown. The real value of banks’ expo

Richard Heinberg: Peak Oil Day - July 11 Maybe it’s a stretch to say that the production peak occurred at one identifiable moment, but attributing it to the day oil prices reached their high-water mark may be a useful way of fixing the event in our minds. So I suggest that we remember July 11, 2008 as Peak Oil Day. We are now approaching the first-year anniversary of Peak Oil Day. Where are we now? The global economy is in tatters, yet oil prices have recovered somewhat (they’re now about h