President Goodluck Jonathan must overcome many obstacles to achieve a rate of investment that will provide a satisfactory rate of economic growth, especially in per capita...
By OMOH GABRIEL Central Bank of Nigeria, yesterday, released three categories of banking licences to banks operating in the country in line with the modified universal...
By Omoh Gabriel with agency reports Indications emerged yesterday that French Finance Minister Christine Lagarde may get the plump job of Managing Director of International Monetary...
By Omoh Gabriel with Agency report Dominique Strauss-Kahn, the head of the International Monetary Fund and a potential candidate for the French presidency next year, was...
By Omoh Gabriel Shareholders of United Bank for Africa (UBA) Plc, weekend adopted a holding company structure in compliance with the modified universal banking scheme. Under...
By Omoh Gabriel The expected acquisition of Oceanic Bank, one of the rescued banks by First Bank Nigeria Plc has collapsed following the inability of both...
By Omoh Gabriel, Business Editor The Nigeria economy is facing financial haemorrhage as Nigerians, corporate bodies are moving funds massively out of the country as well...
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...
*Senate passes N253bn Supplementary Appropriation By Emmanuel Aziken and Inalegwu Shaibu Abuja — Infrastructure development topped the Federal Government’s agenda in the N4.07 trillion budgetary proposal...
By Omoh Gabriel, Business Editor & Babajide Komolafe LAGOS — Despite carrying on as if there are no problems whatsoever, indications emerged yesterday that some Nigerian...
By Omoh Gabriel The Central Bank Governor Sanusi Lamido Sanusi on Friday made good his threat to remove banks Managing Director if found wanting. So he...
By Omoh Gabriel Sanusi Lamido Sanusi, Governor of CBN at the 1st Distinguished Lecture of the Sylvester Monye Foundation at Asaba on Friday titled Consolidating the...
By Omoh Gabriel, Business Editor, Kenneth Ehigiator, Prince Osuagwu & Emma Ovuakporie Chairman of the Economic and Financial Crimes Commission(EFCC), Mrs Farida Waziri, said yesterday that...
—-Four of the five banks accounts for N 1.3175 trn, —-non performing loans N115.3 ‚Äîaccounts for 30 % of loans, —- 45 % of non performing...
By Omoh Gabriel The Central Bank of Nigeria has said that banks found to be involved in unwholesome asset trading will be denied access to the...