11/08/2011 The last time I checked the value of the Naira, it was very saddening to discover that the it was being sold at 274 to buy 1 GBP and 165 to buy 1 USD. We all knew things could be bad, but this bad? Just last year, whilst working […]
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Nigeria’s Sterling Bank sign deal to acquire Equatorial Trust Bank
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Sterling Bank Plc signed a Transaction Implementation Agreement (TIA) with Equatorial Trust Bank (ETB) in order to acquire the Rescued Bank. Sources close to Investadvocate confirmed this Thursday August 11 2011 in Lagos Nigeria. Our Source also affirmed that the Central Bank of Nigeria (CBN) […]
Nigeria’s banks today are safer than many in OECD countries.
August 08, 2011 Highlights: 1. The 5th August nationalizations bring to an intermediate end a sorry chapter in Nigeria’s recent banking history 2. Soludo had under estimated the scale of the problem 3. Today, two years later, Nigeria’s banking system is probably one of the most stable in the […]
