Guideline for non interest banking requires a Sharia Council within the CBN

The CBN Governor, Sanusi Lamido Sanusi has this image of a courageous and brave man who treads where angels fear to tread. But since the issue...

Banking: South Africa dwarfs Nigeria in global ranking

* Nigeria’s top 9 banks combined smaller than Standard Group By Omoh Gabriel, Nigeria’s top nine banks that featured in the Banker’s top global 1000 banks...

Nigerian Breweries half year profit hits N27.60b

The Nigerian Breweries (NB) Plc on Thursday announced a half year profit before tax of N27.60 billion to June 31, 2011. NB unaudited result released at...

FCMB Reports 92% Growth in Profit Before Tax of N6.6bn for Half Year 2011

First City Monument Bank (FCMB) Plc has released its financial performance for the first half of the year ended June 30, 2011 with the bank group...

Existing shareholders in Intercontinental to have 5% in Access Bank —- Scheme of combination approved by SEC

By Omoh Gabriel Some existing shareholders in Intercontinental Bank may have buckled under the weight of pressure from the CBN to accept the acquisition of the...

Banking Supervision and CBN, Need For Nigeria Financial Services Authority (NFSA)

In the last two years the focus of the Central Bank of Nigeria has been on banking supervision, risk management in banks and other non core...

FMBN charts new course for housing delivery

The Board and Management of Federal Mortgage Bank of Nigeria (FMBN) has held a three-day retreat to fashion out better ways of improving housing delivery in...

Afribank calls off deal with Vine capital

Afribank PLC has called off deal talks with Vine Capital over doubts that the private equity firm has the ability to raise the necessary funds to...

UBA restructures into a holding company; makes key appointments

United Bank for Africa Plc on Monday said it has restructured its operation into a Holding company comprising of three financial companies namely UBA Plc, UBA...

FG creates investment ministry, targets creation of 3m jobs annually $500m capital provided at single digit interest rates for SMEs

By Omoh Gabriel THE Federal Government, yesterday, created the Ministry of Trade and Investment in line with its promise to transform the economy within the next...

Governor’s subsidy removal demand will impoverish workers

By Omoh Gabriel The call by state governors that the federal government should remove fuel subsidy and increase the allocation from the federation account to states...

IMF top job: Agustín Carstens versus Christine Largade

The two contenders for the plump IMF position of Managing Director, French Finance Minister Christine Lagarde and Agustín Carstens former Deputy Managing Director of IMF and...

Banks top management and board to face CBN continuous assessment test every two years

Stealing Nigeria blind and failure of EFCC to stop the thieves

Stealing has become a major hobby and pastime for Nigerians in high places. It has even become a big time business. All arms of government are...

Economic diplomacy strategy needed to transform economy

Sound policies and strategies are required if Mr President is to succeed in his bid to transform the Nigerian Economy One of the strategies the President...