New Nigerian Bank Bailout Coming?

  • Nigeria:   Bank Reforms Will Ensure Stability, Says Yar'Adua

    This Day, 1 October 2009

    As the country celebrates its 49th independence anniversary today, President Umaru Musa Yar'Adua has said the ongoing banking reform is part of a holistic measure to achieve… Read more »

  • Nigeria:   Central Bank Moots New Bailout

    This Day, 1 October 2009

    An additional N200 billion may soon be injected into the banking sector by the Central Bank of Nigeria (CBN), which is also set to intervene in five more banks in a bid to… Read more »

  • Nigeria:   International Monetary Fund Backs Banking Reforms

    This Day, 16 September 2009

    The International Monetary Fund (IMF) has endorsed the ongoing banking reforms by the Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi, which necessitated the removal of… Read more »

  • Nigeria:   Sanusi's New Broom

    Daily Trust, 30 September 2009

    The hurricane sweeping through the Nigeria's banking industry is not yet over. Next week, experts fear, more bank chiefs may go as the Central Bank announces the results of the new… Read more »

  • Nigeria:   CBN Yet to Decide on 14 Banks

    Daily Trust, 21 September 2009

    The Central Bank of Nigeria (CBN) yesterday said that it is yet to take decision on any of the remaining 14 banks whose audit reports are been awaited. Read more »

  • Nigeria:   Bank Chiefs - After Arraignment What Next?

    Daily Champion, 21 September 2009

    Were one to assess the anti graft war in Nigeria in the last one year, the recent arrest and arraignment of executives of stressed banks for advancing N747billion unsecured credit… Read more »

  • Uganda:   Nigeria's Man of Few Words, Umar Yar'Adua, Cracks the Whip

    Monitor, 13 September 2009

    It was perfectly normal for a Nigerian bank chief to okay a Sh5 billion loan for his son's nanny; and fat cats to borrow billions of Naira to export crude oil with no intention of… Read more »

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