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Nigeria:
Confusion Trails Take-Over of Three Banks By Govt
The Moment, 8 August 2011
CONFUSION still surrounds last Friday's take-over of Bank PHB, Afribank and Spring Bank by the Federal Government. Read more »
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Nigeria:
New Managers Rebrand Three Nationalized Banks
This Day, 8 August 2011
As bank customers and the public gradually get used to the fact that Afribank Plc, Bank PHB Plc and Spring Bank Plc have ceased to exist as banks and going concerns, the Asset… Read more »
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Nigeria:
AMCON Takes Over Spring, PHB, Afribank From NDIC, to Invest N678.96 Billion
Independent (Lagos), 6 August 2011
The Nigeria Deposit Insurance Corporation (NDIC), Saturday, formerly transferred the ownership of Mainstreet Bank Limited (Afribank), Keystone Bank Limited (Bank PHB) and… Read more »
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Nigeria:
Afribank, Bank PHB, Spring Bank - Shareholders Reject Revocation of Operating Licenses
Vanguard, 6 August 2011
The Independent Shareholders Association of Nigeria, ISAN, has described as obnoxious and illegal the revocation of three operating commercial banks by the Central Bank of Nigeria… Read more »
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Nigeria:
Shareholders Reject Nationalisation of Three Banks
The Moment, 8 August 2011
THE Progressive Shareholders Association of Nigeria on Saturday rejected the nationalisation of three rescued banks by the Central Bank of Nigeria {CBN}, describing it as illegal… Read more »
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Nigeria:
New Banks Get Chairmen, MDs
The Moment, 8 August 2011
THREE former bank managing directors are among several eminent bankers appointed to the boards of the bridge banks recently acquired from the Nigeria Deposit Insurance Corporation… Read more »
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Nigeria:
BankPHB, Afribank, Spring Bank Licences Revoked
Leadership, 6 August 2011
About seven weeks to the September 30 deadline given rescued banks to recapitalise, the Nigerian Deposit Insurance Corporation (NDIC) yesterday said the Central Bank of Nigeria… Read more »
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Nigeria:
New Banks - Ajekigbe, Onwuka, Falalu Appointed Chairmen
Independent (Lagos), 7 August 2011
Boards were named on Sunday by the Asset Management Corporation of Nigeria (AMCON) to run the former bridge banks, namely Keystone Bank (formerly Bank PHB), Mainstreet Bank… Read more »
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Nigeria:
Three Amcon Banks Get New Bosses
Daily Trust, 8 August 2011
Chairmen, managing directors and executive directors were appointed yesterday by the Assets Management Corporation of Nigeria (AMCON) for the three new banks it acquired from the… Read more »
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Nigeria:
New Era, New Helmsmen
This Day, 8 August 2011
The new bank chiefs: Read more »
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Nigeria:
CBN Revokes Afribank, Bank PHB, Spring Bank Licences
Independent (Lagos), 5 August 2011
Ahead of the September 30 deadline given rescued banks to recapitalise, the Central Bank of Nigeria (CBN), on Friday announced the revocation of licenses of Afribank, Spring Bank… Read more »
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Nigeria:
Govt Nationalizes Three Banks
This Day, 6 August 2011
The Central Bank of Nigeria Friday withdrew the banking licenses of Afribank Plc, Spring Bank Plc and Bank PHB Plc because "the three rescued banks have not shown the necessary… Read more »
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Nigeria:
CBN Revokes License of Spring Bank, Two Other Rescued Banks
This Day, 5 August 2011
The Central Bank of Nigeria (CBN) Friday said it has withdrawn the banking licenses of Spring Bank Plc, Afribank Plc and Bank PHB Plc, saying that the three rescued banks have not… Read more »
