WEDNESDAY, 22 SEPTEMBER 2010 BY ENITAR UGWU    Banks by the nature of their business are meant to give out loans. And loans, themselves, are meant to be repaid.When loans are not repaid and they keep growing, they become excess loans.  And that in itself spells doom for any […]

    By Emele Onu, 09.21.2010    Some of the nation’s banks have withheld approval to new private sector credit pending the resolution of issues around their non- performing risk assets with the Asset Management Corporation of Nigeria (AMCON). While some are said to have slowed down the processing of new […]

  By Ademola Alawiye   Wednesday, 22 Sep 2010   Indications have emerged that the Deposit Money Banks that were rescued by the Central Bank of Nigeria last year may have representatives from the Asset Management Company of Nigeria on their boards if they fail to grow their shareholders‘funds from […]