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Self-certified mortgages should be banned, says FSA chair … and maybe bonuses, too

  Jill Treanor and Jill Insley Wednesday 14 July 2010    Britain should consider restricting the flow of loans to households and businesses to create a more stable economy, the top City regulator said tonight as he prepared to clamp down on the mortgage market by banning “self-certified loans” used […]

Reps recover N1b from six banks

  By July 14, 2010 01:57AM   A total of N1.08 billion, amounting to interests from about N100 billion realized from the sale of the Federal Government properties, has been recovered from six banks, according to the chairman of the House of Representatives Committee on Housing and Habitat, Garba Shehu […]

Fiscal danger is real, say economists

    By Oluwaseyi Bangudu July 14, 2010 12:42AM   Finance experts have raised an alarm that the wide budget deficit and bailouts could slide Nigeria into fiscal danger again, after the country exited its debt overhang in 2005.   Bismark Rewane, managing director, Financial Derivatives Company, an economic research […]