CBN sets 10-year bar for change in banking – The Guardian
March 1, 2010 by Bunmi Awolusi · Comments Off
A range of goals built into medium and long-term targets to reposition Nigerian banks have been unveiled by the Central Bank of Nigeria (CBN).
Among them is the classification of the banks into four groups with different capital bases, which the promoters want to come into effect before the end of the year.
Stay off Troubled Banks, Labour Warns Investors – Thisday
December 23, 2009 by tim · Comments Off
Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has warned local and foreign investors who have indicated interest in acquiring the rescued banks to halt further negotiations with the Central Bank of Nigeria (CBN) in order to avert an industrial crisis.
ATM fraud victims sue CBN, 24 banks in class action – The Nation
December 14, 2009 by Bunmi Awolusi · Comments Off
Some victims of Automated Teller Machine (ATM) fraud, have sued the Central Bank of Nigeria, (CBN), the 24 commercial banks and Interswitch Nigeria limited at the Federal High Court, Lagos.
The suit now pending before Justice Ibrahim Auta was filed by Miss Daba West, a civil servant with the Nigerian Ports Authority (NPA), Miss Nwajiagah Omeruo, a consultant, Mr Tochukwu Onyuike, a lawyer and Mr Sydney Aguwamba, a fashion designer.
Troubled banks: CBN spells out guidelines for investors – Vanguard
October 23, 2009 by Bunmi Awolusi · Comments Off
The Central Bank of Nigeria, CBN, has spelt out the guidelines for investment in any of the 10 troubled banks.
Governor of the bank, Mallam Sanusi Lamido Sanusi, speaking at during a visit to Vanguard Newspapers, in Lagos, yesterday said that the apex bank would not be involved in the recapitalisation of the troubled banks, adding, “we have developed guidelines for the exercise. The banks themselves will handle it and they would work with their advisers.”
CBN Dep Gov Restates Likely Emergence of 15 Banks – Thisday
September 29, 2009 by tim · Comments Off
Deputy Governor, Opera-tions, Central Bank of Nigeria (CBN), Mr. Babatunde Lemo, yesterday confirmed THISDAY’s story to the effect that 15 out of the current 24 banks might emerge after the banking watchdog’s ongoing reform in the banking sector.
Chinese, British, South Africans Eye Nigerian Banks, says Sanusi – The Guardian
September 27, 2009 by tim · Comments Off
After several weeks of about the sale of Nigerian banks to foreign investors, the governor of the Central Bank of Nigeria (CBN) Mallam Sanusi Lamido Sanusi has revealed that foreign investors had actually been eyeing Nigerian banks as early as last October, when the stock market started crashing.
Implications Of Delayed Audit Report, By Stakeholders – The Guardian
September 20, 2009 by tim · Comments Off
The Central Bank of Nigeria (CBN) has been urged to effect an immediate disclosure of report of banks on which financial audit has been concluded.
This is to guard against speculations that could further erode industry confidence and jeopardize their financial position.
14 Bank MDs barred From travelling out – The Nation
September 19, 2009 by tim · Comments Off
The Economic and Financial Crimes Commission has placed a travel ban on all the managing directors of 14 banks that are awaiting Audit Report from the Central Bank of Nigeria (CBN).
The CBN has audited 10 of the 24 banks, culminating in the removal and trial of five banks’ managing directors over N747 billion non-performing loans. It was, however, learnt that the report of the remaining 14 banks might be ready on or before the end of September.
Four Banks on the Spot over CBN Audit – Thisday
September 19, 2009 by tim · Comments Off
Indications emerged yesterday that four out of the 11 banks whose accounts were recently audited by the Central Bank of Nigeria may have more questions to answer ahead of the CBN Committee of Governors’ meeting, which holds next week to take the final decision on the report of the special examinations ordered by the apex bank.
Anambra 2010: Soludo, Uba, 34 others for primaries – The Nation
September 9, 2009 by tim · Comments Off
A former Governor of the Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo, a former governorship candidate, Dr. Andy Uba and 34 others have signified interest in the Anambra governorship election billed for February 6, next year.
