By Emele Onu, 06.29.2010    The Central Bank of Nigeria (CBN) yesterday extended the recapitalisation deadline it gave Unity Bank and Wema Bank by three months. Both banks had been given till tomorrow, June 30 to recapitalise or face the axe of the apex financial institution.     The CBN […]

  By Emele Onu, 06.29.2010    Indications emerged yesterday that Unity Bank Plc might record a profit of about N8 billion for the half year ended June 30, 2010. This according to information marks a clean break from the loss recorded in the 2009 financial year. The bank also projects its […]

  06.29.2010    Standard & Poor’s (S&P) has said that Nigerian banks continue to look extremely risky, despite a bailout of the sector last year.Reuters quoted the Managing Director for Financial Institutions at S&P, John Gibling, as telling a Nigeria conference yesterday :”The Nigerian banking system is very high risk.” […]