By Emele Onu and Obinna Chima, 09.19.2010  The opening balance of banks with the Central Bank of Nigeria (CBN) dropped significantly last week – reflecting the gradual drain of inter-bank market liquidity. Banks’ deposits with the CBN had maintained a daily average of N400 billion but by last […]
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Solid Minerals: FG Seeks Fresh N12bn W’Bank Loan
 From Kunle Aderinokun in Abuja , 09.19.2010  There are indications that the World Bank-funded Sustainable Management of Mineral Resources Project (SMMRP) may be wound up sometime in 2011, about a year before the May 2012 terminal date when it was expected to have fully utilised the $120 […]
Bank bosses called to account as breakup inquiry gets under way
 Jill Treanor, 20 September 2010 • Independent commission to make first public statement • Lloyds and RBS may be affected by restructuring recommendations The bosses of Britain’s biggest banks have been hauled in to meetings with Sir John Vickers ahead of the publication this week of the […]
