Author: InvestAdvocate

CBN assures depositors of non-collapse of banks

  By Agency reporter   Tuesday, 14 Sep 2010 The Central Bank of Nigeria has assured depositors that no bank will collapse again in the country with the current reform in the banking sector. The Deputy Governor, Financial Stability and Banking Supervision, CBN Mr. Kingsley Mmuoghalu, gave the assurance when […]

Bank regulators give firms more time

    By Agency reporter   Tuesday, 14 Sep 2010 Bank stocks rose worldwide as regulators gave firms more time than analysts expected to comply with stiffer capital requirements aimed at preventing future financial crises. JPMorgan Chase & Company and Bank of America Corporation led the KBW Bank Index to […]

Spring Bank refutes fraud allegations

    By Ademola Alawiye   Tuesday, 14 Sep 2010 The management of Spring Bank Plc has debunked fraud allegations levelled against the current top management of the bank.   A national newspaper (not The PUNCH) had reported the alleged involvement of the top management of the bank in fraud […]