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CBN, NDIC joint examination rattles banking industry

February 21 2011 John Omachonu There is palpable apprehension in the banking industry as the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) commence risk assessment of the banks, BusinessDay investigations have revealed. The special examination, akin to the 2009 one which led to the exit of […]

Suspension: Brokers Seek Dialogue with SEC

By Goddy Egene, 21 Feb 2011   The leadership of the stockbroking community in the nation’s capital market will this week meet with the management of the Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) over the suspension of brokering houses and planned consolidation. The NSE had one […]

Intercontinental Bank gets CBN’s clearing awards

Monday, 21 Feb 2011 Intercontinental Bank Plc has won the Central Bank of Nigeria’s Clearing House awards for 2010. It emerged the Best Clearing Bank, Most Error Free Settlement and Punctual Bank in Akure, Ilorin and Makurdi zones, a statement from the bank on Saturday said.The statement said the bank […]