FRIDAY, 02 JULY 2010 01:15 BLESSING ANARO     Contrary to the belief that banks have returned to profitability after the financial crisis that brought more than half of them to the brink of collapse, experts say all that has happened in the first quarter of this year is a […]

    By Emele Onu with agency report, 07.02.2010    The Central Bank of Nigeria (CBN) has said the proposed Asset Management Corporation of Nigeria (AMCON) will clear $10 billion (about N1.5trillion) of bad loans from the banking system by the end of this year.     CBN Governor Sanusi […]

  07.02.2010    Nigeria’s external reserves dropped by about $900 million this week.The reserves, which opened the week at about $38 billion fell to $37.17 billion yesterday. The reserves, which ended 2009 at $42.40 billion had peaked at $64 billion in August 2008 during the oil boom when the price […]