While banking sector share prices plunged last year after the Central Bank of Nigeria sacked the top managers of some banks over allegations of financial misappropriation, the share prices of nine banks affected by the CBN reform have bounced back considerably in recent weeks. Nigerian Bank Nigeria Afribank

Mallam Sanusi who was represented at the third Euro Finance Conference held at the Eko Hotel, Victoria Island, Lagos, by the Deputy Governor, Finance Surveillance, Dr. Kinsley Moghalu, made it clear that any investor who wanted to invest in any of the rescued banks must demonstrate sound corporate governance, sound risk management and sound financial muscle. Nigerian Bank Nigeria Afri Bank

Following the severe bashing received by stock markets across the globe, the boards of companies listed on the Nigerian Stock Exchange (NSE), among others, have gravitated towards rights issues, in preference to public offerings Nigerian Bank Nigeria Afribank Nigeria

ONE would have thought that the recent tsunami in the banking industry, which saw the Central Bank of Nigeria wielding the big stick on some top bank executives on allegations of malpractices, would put bankers on their toes and keep them on the straight path. But no, the recent alleged misdemeanour of some members of staff of Sterling Bank shows that many bankers have not learnt any lesson. Nigerian Bank Nigeria Afribank

As at December, 2009 most companies’ earnings & profits took a downturn under heavy costs. These poor results would definitely be affecting the tax revenue accruable to government this fiscal year. Nigerian Bank Nigeria Diamond Bank Plc