Author: InvestAdvocate

Politics: Analysts forecast that All Nigeria’s Economic Sectors are at Risk

  August 17, 2010   Nigeria FORECAST: Ruling PDP may split over Abubakar/Babangida poll challenges to Jonathan   Analysis: On August 15, Nigeria’s former Vice President, Atiku Abubakar, formally declared his intention to challenge President Goodluck Jonathan as leader of the ruling People’s Democratic Party (PDP) ahead of the 2011 […]

Four Rescued Banks Get Bidders

  By Emele Onu with agency report, 08.17.2010    Prospective and ready buyers have emerged for four of the eight banks rescued by the Central Bank of Nigeria (CBN) last year, the apex bank’s Governor Sanusi Lamido Sanusi said yesterday, although he did not disclose the names of the banks […]

CBN seeks 5% non-performing loans ceiling for banks

  TUESDAY, 17 AUGUST 2010 01:20       The Central Bank of Nigeria (CBN) wants banks to aim for not more than five percent of the total credit to customers becoming classified as non-performing loans (NPLs), BusinessDay investigations have revealed. The development, which is expected to make banks uphold the […]