By Stanley Opara  Monday, 27 Sep 2010   Global money transfer company, MoneyGram International, has ranked Nigeria among the top 10 countries receiving money transfer. Making reference to the World Bank estimates, the company said $10bn in remittances was sent to Nigeria in 2009 – with the […]
Uncategorized
Rescued banks may not pay dividends before recapitalisation – Investigation
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.  […]
State Bonds: CBN Pegs Banks’ Maximum Investment
 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 […]