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CBN to close down unhealthy MFBs in Q3

  By Segun Olatunji, Kaduna   Wednesday, 21 Jul 2010       The Central Bank of Nigeria is set to announce major policy reforms that will drastically reduce the number of microfinance banks operating in the country.Criticisms have continued to trail the operation of the MFBs, many of which are accused […]

Recapitalisation: Shareholders Task Oceanic

  By Goddy Egene, 07.21.2010    Shareholders of Oceanic Bank International Plc yesterday tasked the Board and management to ensure that an effective recapitalisation plan that will involve all stakeholders is adopted for the bank. The shareholders’ view, which was made known at an investors’ forum in Lagos on a […]

CBN on Banks Goodwill: BOFIA Bill before National Assembly to support dividend payment

  By Peter OBIORA investadvocate July 20, 2010 18:00 GMT     The Central Bank of Nigeria (CBN) is trying to amend that portion of Goodwill on the Account Statements of Banks in order to allow for dividend payment in such circumstances.   Falalu Bello, Group Managing Director (GMD) of […]