By Emele Onu, 06.29.2010    Indications emerged yesterday that Unity Bank Plc might record a profit of about N8 billion for the half year ended June 30, 2010. This according to information marks a clean break from the loss recorded in the 2009 financial year. The bank also projects its […]

  06.29.2010    Standard & Poor’s (S&P) has said that Nigerian banks continue to look extremely risky, despite a bailout of the sector last year.Reuters quoted the Managing Director for Financial Institutions at S&P, John Gibling, as telling a Nigeria conference yesterday :”The Nigerian banking system is very high risk.” […]

  Lagos, Jun 28, 2010 By Omoh Gabriel & Victor Ahiuma-Young   Indications emerged, weekend, that the Central Bank of Nigeria, CBN, has been secretly giving clearance to executive directors of  the rescued banks, raising questions as to why they were sacked in the first instance. Some top management staff […]