By Ademola Alawiye   Monday, 27 Sep 2010     Investigation has revealed that the Deposit Money Banks that failed the Central Bank of Nigeria’s stress test and had to be rescued by the apex bank may not pay dividends to shareholders until the recapitalisation process is over.   […]

  By Obinna Chima, 09.26.2010 The Central Bank of Nigeria (CBN) has pegged the maximum investment a bank can make in any state government bond at 10 per cent of the total amount outstanding of that bond issue.     It has also directed that banks’ portfolio in any state […]

  Monday, 27 Sep 2010   The naira depreciated to its lowest level in more than a year versus the dollar on speculation that companies stepped up dollar purchases to repatriate profits and buy imported goods.     It slumped as much as 0.7 per cent to N154.8 to the […]