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Nigeria:
Positive Results - Is the Banking Crisis Over?
This Day, 9 May 2012
Fishermen, mechanics and a lot more people of diverse background and with little or no knowledge about finance and investment got into the stock market and speculated on equities.… Read more »
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Nigeria:
Regulators Begin Investigation of Three Nationalised Banks
This Day, 8 May 2012
A combined team of bank examiners from the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) Monday commenced the maiden examination on the operations… Read more »
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Nigeria:
CBN Responds to Inflation Threat, Resumes Aggressive Tightening
Leadership, 7 May 2012
The Central Bank of Nigeria (CBN) has resumed aggressive monetary tightening following the increase in inflation rate to 12.1 per cent in March from 11.9 percent the previous… Read more »
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Nigeria:
Another Banking Crisis Coming Up - (II)
Vanguard, 7 May 2012
Those who go in for banking must accept the consequences, because if there were no consequences, everybody would go in for banking". Charles Dickens, 1812-1870 Read more »
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Nigeria:
EFCC Arraigns Wonder Bank Operator
Daily Trust, 7 May 2012
Moses Samanja Audu a wonder bank operator was arraigned by the Economic and Financial Crimes Commission, (EFCC) today, before a Federal High Court sitting in Kaduna. Read more »
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Nigeria:
The Putrid Mess Also in CBN!
Vanguard, 7 May 2012
A bill to amend the Central Bank of Nigeria Act on Wednesday passed through second reading at the House of Representatives. Read more »
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Nigeria:
Banks Enter Reverse Gear On Branch Expansion
This Day, 6 May 2012
It is a season of branch rationalisation among Nigerian banks. But industry watchers caution that in an industry noted for its bandwagon effect, a greater percentage of Nigerians… Read more »
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Nigeria:
CBN Backs NSE, Threatens to Sack Banks' Chairmen, CEOs
Vanguard, 13 April 2012
The Central Bank of Nigeria, CBN, has backed the quest by the Nigerian Stock Exchange, NSE, to instill discipline in the Nigerian capital market, as it threatened to sack the… Read more »
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Nigeria:
Mass Layoffs in Banks
Daily Trust, 17 February 2012
The Nigerian banking sector is currently carrying on mass retrenchment of its work force, especially staff of some of the troubled banks that were bailed out by the Central Bank of… Read more »
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Nigeria:
More Job Cuts Loom in Banks
The Moment, 30 January 2012
A fresh wave of job losses has hit the banking industry following last week's disengagement of over 1,000 mostly Intercontinental Bank staff by Access Bank. Read more »