EU bank stress tests to be tougher in 2011, assume EU economy shrinking 0.4 percent in 2011 BRUSSELS (AP) — The European Union bank regulator said Friday that this year’s stress tests on banks will be harsher than last year’s due to lower growth assumptions. The test, whose results will […]

By ONYINYE NWACHUKWU Only 1 percent of financing for formal businesses in Nigeria comes from the banks and other financial institutions, figures from the Ministry of Finance have indicated. This, interestingly, is in spite of several efforts by the Central Bank of Nigeria (CBN) and government stimulus to encourage the […]

By Ademola Alawiye with agency report The Debt Management Office said on Thursday that it sold N60bn ($383.3m) in five-year and three-year sovereign bonds at its third debt auction of the year, adding that the yields edged higher than the previous auction in February. The debt office added that it […]