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...

Hope for Nigeria as oil now is $78 per barrel

By Omoh Gabriel CRUDE oil prices steadied at a one-year high above $78 a barrel weekend after U.S. industrial production grew in September, boosting optimism for...

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...