By Yemi Kolapo Following the almost concluded merger and acquisition deals between the rescued banks and core investors, a formula for establishing the percentage ownership of all the parties to the recapitalisation deals may be approved on Thursday. Investigation by our correspondent revealed that the ownership structure would be determined […]

By Ademola Alawiye The Central Bank of Nigeria on Monday intervened in the foreign exchange market as it offered $400m for sale at the foreign exchange auction. The CBN, in a statement on its website, said, “Further to our circular Ref. FMD/FED/CIR/GEN/01/082/10 of December, 29 2010, the CBN hereby intervenes […]

By Ademola Alawiye The Central Bank of Nigeria has said that it is not involved in banks’ fresh merger and acquisition plans. The Head, Corporate Affairs, CBN, Mr. Muhammed Abdullahi, told our correspondent in a telephone interview on Monday that the Deposit Money Banks were handling the merger and acquisition […]