Africa ‘Week-Ahead’ Forecasts (April 11 – 17, 2011) The recent comment by the director of banking supervision at Nigeria’s Central Bank, Samuel Oni that the regulator would in the future not allow bad loans to again climb to more than 5% of total loans across the banking industry is unrealistic. […]

Mon, Apr 11 2011 Nigeria‘s FCMB on Monday became the latest bank to announce plans to form a holding company and apply for an international banking licence to comply with new regulations issued by the central bank. The central bank last year said it would stop issuing universal banking licences […]

By Obinna Chima The management of First City Monument Bank Plc (FCMB) Monday disclosed plans to form a holding company and apply for an international banking licence in line with the new regulation issued by the Central Bank of Nigeria (CBN), Reuters has said. The CBN had revoked the Universal […]