The Central Bank of Nigeria has clarified the raging controversy over the N200bn it allegedly advanced to the Nigerian Export Import Bank as stabilisation fund. At a session with the House of Representatives Committee on Banking/Currency in Abuja, the Acting Governor of the CBN, Mrs. Sarah Alade, denied that the […]

Skye Bank Plc has raised a total of $150m tier-2 capital as part of the measures to beef up its equity and working capital. Additional tier 2 capital is expected to be raised by the end of July this year. A statement by the bank quoted its Group Managing Director/Chief […]

Twenty five foreign and local banks are jostling to buy Mainstreet Bank Limited barely two weeks after the nationalised bank was officially put up for sale by the Asset Management Corporation of Nigeria. AMCON, the bad debt manager created after the banking sector crisis of 2009, on Wednesday disclosed that […]