Jul 19, 2010 By Emma Ujah   Abuja — The Management of the Nigeria Deposit Insurance Corporation, NDIC, has expressed worry over the failure of the Board of Savannah Bank Plc to recapitalise and commence operation on schedule.NDIC had to summon Interim Board and management of Savannah Bank last […]

  By Emele Onu, 07.18.2010   Many of the country’s banks have ruled out any new exposure to the aviation sector, especially the airlines, except in the future when the economic environment improves.The banks, according to THISDAY investigations, have merely deployed resources to participate in the aviation Fund, planned by […]

  By Emele Onu, 07.18.2010    Nigeria’s external reserves rose to $38.53 billion last weekend, from about $37 billion at the end of June, 2010, which represented about 3 per cent rise within just a fortnight.  Analysts attributed the rise to the shortfall in demand for foreign exchange, which they […]