By Stanley Opara Monday, 17 Jan 2011 Citibank Nigeria Limited has announced the appointment of Mr. Olayemi Cardoso as the new Chairman of the bank’s Board of Directors. In addition, Citi Nigeria named Mr. Michael Murray-Bruce and Dr. Hilary Onyiuke as new non-executive directors. The new appointments were announced following the […]

By Stanley Opara Monday, 17 Jan 2011 There are strong indications that more Deposit Money Banks, especially the rescued ones, are seriously strategising to exchange their bad loans for the Asset Management Corporation of Nigeria’s bonds on offer. Some of the banks that have yet to exchange their non-performing loans with […]

By Udeme Ekwere Monday, 17 Jan 2011 The Central Bank of Nigeria said on Friday that it auctioned treasury bills worth N135.57bn last week.   This, according to the apex bank regulator was in its bid to control money supply in the system.   The regulator sold N45.84bn bills at […]