I was amazed and astonished at the breathtaking hypocrisy and double talk of the World Bank Country Director, Mr. Ishak Diwan. Just last week in this publication Mr. Diwan said that he questioned the high spending of the last government

Central Bank of Nigeria (CBN) yesterday said it has received interest from several potential bidders for stakes in some of the 10 banks it is seeking to recapitalise following the crisis that swept the banking sector recently.

Over N48m was shared among the families of 121 policemen who died or sustained injuries while on duty.

THE international credit rating agency Fitch has once again expressed its confidence in Namibia, stamping the country's long-term economic outlook as stable.

Intercontinental Bank Plc yesterday said it has recovered over N80billion debt from its customers since the assumption of the new management of the bank in August this year.

THE Northern Electricity Distribution Company (Nored) last week handed over dividends of N$15 million to its shareholders. Board Chairman Sackey Kayone, who is also the Governor of Omusati Region, said the company's sound financial performance could be attributed mainly to

National Institute of Marketing of Nigeria (NIMN) has advised the banking sector to stop giving marketing targets that are not feasible to their staff.

NAMIBIANS are unlikely to get any interest rate relief next year. On the contrary, borrowing money will probably become more expensive, economists agree.

First City Monument Bank 's plan of floating N100 billion non-convertible bonds issue in the capital market yesterday received shareholders approval amidst protest of the bank's failure to pay dividend for 2008 financial year.

As a way of reducing states' ownership in Unity Bank to not more than 10 per cent, the bank's management is consulting with the Commissioners of Finance of the 19 Northern States and Rivers State to sell shares owned by

For banks in Nigeria to reap benefit from the opportunities created by the current financial crisis, they must address the issue of cost, a consultancy firm, Accenture said.

Director General of the Nigeria Economic Summit Group (NESG) Frank Nweke (Jnr) yesterday said the group supports the ongoing reforms in the banking sector led by Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi.

Reuters has begun offering real-time data from the Nigerian Stock Exchange, thereby increasing equity trading opportunities for its global clients.

As value rises by N50b || Unity Kapital Assurance yesterday joined the league of quoted companies with the listing of its N31 billion shares on the Nigerian Stock Exchange (NSE), to lift the market capitalisation by N50 billion.

SWISS bank UBS AG failed to acquire the exact stake it had targeted in London Stock Exchange listed Zimbabwe-focused conglomerate, LonZim.

Lamido Sanusi's attempts to reform Nigeria's financial sector since he took over as central bank governor in June have been so dramatic that commentators have dubbed them the "Sanusi tsunami".

Lagos State government said the country's apex bank, Central Bank of Nigeria (CBN), has approved major investors into Lagos State Debt Issuance Programme (Bond Issuance) to trade their bonds.

Stock exchange regulators in East Africa now want all players in the capital markets industry, to enroll for training currently conducted at the Securities Industry Training Institute.

Nairobi Stock Exchange (NSE) has made it a lot more convenient for investors to have their complaints resolved from anywhere across the country, after launching a mobile phone short message service - SMS service.