Stockbrokers have hailed the nationalisation of three Nigerian banks as the best thing to happen to the country’s financial markets. Mainstreet Bank Limited, Keystone Bank Limited, and
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Nigeria ranked 127th on global competitive index
August 15, 2011 Comment Off 29 ViewsBy Emeka Aginam LAGOS — The World Economic Forum has ranked Nigeria 127 of 139 countries on the 2010 and 2011 Global Competitive Index even as Ghana was ranked 114. Director General, Securities
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NATIONALISED BANKS: Shareholders to sue CBN, NDIC, AMCON
August 10, 2011 Comment Off 59 ViewsBy Omoh Gabriel, Emma Ujah, Babajide Komolafe, Victor Ahiuma-Young and Michael Eboh LAGOS— The decision of the Federal Government to take over three of the eight rescued banks has thrown the
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Nigeria’s economic projections threatened by fresh global crisis
August 10, 2011 Comment Off 48 ViewsA steep fall in crude oil prices on Thursday as investors panicked over a possible slowdown in the global economy has raised fears that Nigeria’s economic projections may be at risk. A resurgent
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AMCON Injects N679.5b Into 3 Troubled Banks
August 7, 2011 Comment Off 74 Views
The Asset Management Corporation of Nigeria (AMCON) has injected N679.5b into the three troubled banks. The Managing Director of Nigeria Deposit Corporation of Nigeria (NDIC), Mr Umaru Ibrahim,
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Nigeria nationalises three troubled banks
August 7, 2011 Comment Off 68 ViewsNigeria’s financial authorities have nationalised three troubled banks that were earlier rescued by the country’s central bank during a financial crises triggered by debt mismanagement in
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CBN’s reform & World Bank’s ranking of Nigerian banks
August 2, 2011 Comment Off 55 Views
By UDEME CLEMENT,ANALYSIS The Nigerian banking industry is poised for greater productivity this fiscal year as nine banks made list of top 1,000 World Banks ranking and top 25 banks in Africa.
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Nigeria Naira Heads for Biggest Gain in 3 Weeks on Dollar Sales to Bureaux
August 2, 2011 Comment Off 143 ViewsNigeria’s naira headed for the biggest gain in three weeks after the central bank doubled the amount of dollars banks can sell to foreign-exchange bureaux. The currency of sub-Saharan Africa’s
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Nigeria: Islamic Banking – Can We Afford Not to Have It?
August 2, 2011 Comment Off 63 ViewsThere is no doubt that Islamic banking is now a global phenomenon. With presence in over 60 countries, Islamic banking has steadily evolved overtime to dealing with whole gamut of financial services,
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Nigeria Ends 1-Year Restriction on Government Bond Holdings, Sanusi Says
June 28, 2011 Comment Off 87 ViewsNigeria will lift a requirement for foreign investors to hold local-currency investments in government securities for at least one year, Lamido Sanusi, governor of the Central Bank of Nigeria, said.
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Events
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Africa Day Celebration: A Vibrant Showcase of African Culture in London
April 29, 2025
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CANUK Celebrates 20 Years of Community Excellence with Grand Anniversary Gala
April 25, 2025
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Ben Okri’s African Stories Anthology: Exclusive Book Launch in London
April 25, 2025
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Celebrate Africa Day at World in Westminster – A Vibrant Cultural Showcase
April 25, 2025
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Tunnel Vision Fridays: A Night of Afrobeat, Amapiano, and More in London
April 25, 2025
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15th UK-Africa Trade & Investment Summit 2025: Strengthening Economic Partnerships
April 24, 2025
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Nigerian Festival UK 2025: Celebrating Culture, Music, and Heritage
April 23, 2025
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