By Obinna Chima   The banking sector reforms embarked upon by the Central Bank of Nigeria (CBN) has brought about stability in the foreign exchange market, some participants in the currency market have said.The operators, who reviewed the effect of the apex bank sanitisation, one year after, spoke in […]

  By Eromosele Abiodun,     Nigeria’s foremost credit rating and research agency, Agusto & Co, has assigned a ’Bb’ rating to the banking sector. Speaking at the unveiling of the 2010 banking industry report in Lagos last week, Agusto’s Head of Financial Institutions Ratings, Mrs. Yinka Adelekan, stated that […]

  By Emele Onu    Local and foreign investors that bidded for the rescued banks are presently embroiled in clashes of interest over first right of consideration for the acquisition for the rescued financial institutions. THISDAY findings indicate that the development arose as a number of the investors that beat […]