Uncategorized

S&P: CBN Requires Guarantee to Sell Banks

  By Ayodele Aminu and Emele Onu, 07.01.2010   Standard & Poor’s, one of the world’s most reputable rating agencies, has said the Central Bank of Nigeria (CBN) may need to guarantee the acquisition of the rescued banks to be able to win the confidence of investors.     S&P, […]

Q3: Skye Bank Projects N10.4bn Profit

  By Goddy Egene, 07.01.2010    Skye Bank Plc, one the banks that passed the 2009 stress test of the Central Bank of Nigeria (CBN) has projected  a profit before tax of N10.36 billion for  the third quarter ending September 30, 2010.The profit, according to the figures made available by […]

ETI Raises Stake in Ecobank Nigeria

  By Goddy Egene, 07.01.2010    The parent company of Ecobank Nigeria Plc, Ecobank Transnational Incorporated ( ETI),  has increased its equity holding  in the bank from 71 per cent to  85 per cent. Making the disclosure at the 22nd Annual General Meeting (AGM) held in Lagos yesterday, Chairman of […]