The rich must suffer some discomfort and pay__SANUSI LAMIDO SANUSI An Activist As Central Banker

By Jide Ajanii and Omoh Gabriel For those who know him, activism is his life. Whatever he does, he does with passion, sometimes extreme. He has...

Clampdown on banks: God would not have forgiven me if we did not strike —Sanusi Lamido Sanusi

For those who know him, activism is his life. Whatever he does, he does with passion. He may not be tiny but describing him as being...

Interview with Lamido Sanusi

By Omoh Gabriel On our report of march 23rd on the basis of which people talk about agenda, most of the issues raised have reflected that...

Rescued banks grant waiver to billionaires

By Omoh Gabriel Nigeria: Troubled Bank Debtors Get Generous Loan Waivers TO recover fully the principal of their non-performing loans, the management of some of the...

Financial crisis not in Africa banking system and countries for now —MD World Bank Рas Africa bags the 3rd executive seat at World Bank

By Omoh Gabriel The Managing Director of the World Bank Dr. Ngozi Okonjo Iweala said in Washington on Monday that the financial crisis currently rocking the...

FG to rehabilitate railway, power, textile, mass transit etc as palliatives to fuel subsidy removal

By Omoh Gabriel The federal Government in its bid to remove subsidy from the down stream petroleum sector envisaged some sectoral intervention in the economy as...

Banking crisis stalls privatisation as prefer and reserve bidders for SACHOL can not raise funds

The impact of the Central Bank of Nigeria’s banking reforms has started taking its toll as the federal government agency saddled with the sale of government...

Banking crisis: two foreign investors back out, three ask for time

By Omoh Gabriel Indication emerged yesterday that some of the foreign investors approached by the CBN to take equity stake in the five banks it bailed...

Bank crisis: EFCC mount pressure on detained directors to sign off their shares

By Omoh Gabriel Detained bank chiefs yesterday disclosed that the Economic and Financial Crime Commission operatives are asking each of them to sign off their shareholdings...

Bankers tells CBN N400 bn injection is capital in your letter

By Omoh Gabriel Bankers yesterday volunteered more facts as to why bank Managing Directors and their executive directors were sacked. The pointing to the letter signed...

Banks debtors

By Omoh Gabriel Chairman of the Economic and Financial Crimes Commission(EFCC), Mrs Farida Waziri, said yesterday that there was no discrepancy between what appeared on the...

—-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...

CBN sacks CEOs of 5 banks over unethical conduct …Appoints new MDs

*N1.1 trillion bad loans *Liquidity ratio below minimum *Over reliance on interbank and CBN borrowing “I am satisfied that these five institutions are in a grave...

Sanusi grand agenda, the unanswered question about Banks MD removal

By Omoh Gabriel, Business Editor The Central Bank Governor Sanusi Lamido Sanusi on Friday made good his threat to remove banks Managing Director if found wanting....

FG deregulates fuel pump price October *Petrol to cost N89-98 per litre

By Omoh Gabriel Indication emerged from the Presidency weekend that the government may deregulate the oil sector starting from August. Source say that the President had...