Jun 23, 2010 By  Spring Bank Plc has attributed the recent improvement in its first quarter financial performance to the introduction of a number strategic initiatives embarked upon by the company since the intervention by the Central Bank of Nigeria (CBN) in the bank.   The bank […]
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Oceanic’s recovery plan yields results, posts N1.1bn Q1 PAT
Jun 23, 2010 By Michael Eboh & Providence Obuh                                                     The recovery plan put in place by the management of Oceanic Bank International Plc has started yielding positive fruits, as the bank bounced bank to profitability, announcing a profit after tax of N1.12 billion in its first quarter financial […]
Fair valuation of bank loans will increase volatility of shareholder interest, Fitch
June 21, 2010 By Omoh Gabriel Business Editor The new requirement by financial regulators across the globe as a result of the impact of the global financial crisis on economies is generating heated debate and controversies. Specifically the requirement that bank loans be measured on the balance sheet at fair […]
