Finance

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  Five rescued banks to call EGMs by Sept 30 – AMCON

  Nigeria’s state asset management company (AMCON) said it expects five of the nine banks...

  • Posted August 16, 2011
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  Investors show renewed interest in Nationalised Banks

  Three investors have joined the league of firms seeking to buy the three nationalised...

  • Posted August 16, 2011
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  Sterling Bank Signs TIA to Acquire ETB

  The future of Equitorial Trust Bank (ETB) – one of the 10 banks bailed...

  • Posted August 12, 2011
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  Mainstreet Bank -Former Afribank repays 50billion naira to CBN

  Nigeria’s recently nationalised Mainstreet Bank, formerly Afribank (AFRIBAN.LG), said on Tuesday it had paid...

  • Posted August 9, 2011
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• Banking Stocks Heading For 11-Month Low

  Nigerian bank stocks headed for an 11-month low after the central bank nationalized three...

  • Posted August 9, 2011
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  AMCON to run 3 Nationalised Banks for 2-3 years

  Nigeria’s state asset management firm AMCON will be the major shareholder in three nationalised...

  • Posted August 6, 2011
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  Update: CBN Revokes SpringBank, AfriBank and BankPHB licences

  The Nigeria Deposit Insurance Corp (NDIC) has taken over the running of three banks...

  • Posted August 5, 2011
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  NDIC takes over Management of Afribank, BankPHB and SpringBank

  The Nigeria Deposit Insurance Corp., which insures deposits in the country’s banking industry, is...

  • Posted August 5, 2011
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• NDIC to pay N2.03 billion Trapped Depositors Fund

  The Nigerian Deposits Insurance Corporation (NDIC) said on Tuesday in Lagos that it has...

  • Posted August 3, 2011
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  CBN Extends Credit Guarantee for Oceanic to December

  Nigeria’s central bank extended an interbank credit guarantee for Oceanic Bank International Plc to...

  • Posted August 2, 2011
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