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...

Nigeria hosts committee of 10 African Finance Ministers and Central Bank Governors

Nigeria will host a meeting of the Committee of Ten African Finance Ministers and Central and Regional Bank Governors, the C10, on Tuesday July 14, 2009...

Ogun state first N50 bn bond to open the state for investors – Gbenga Daniel

By Omoh Gabriel Ogun state Governor Otumba Gbenga Daniel yesterday said that the state was going to the capital market to raise N50 billion with N28...