Across the industry and among bankers there is palpable fear, anxiety and apprehension. “Everybody is afraid”, said Tope, a staff of First Bank Olowu branch in Ikeja. “We hear the bank wants to sack again and it might be up to 1000 this time around”, she said adding that the problem is that we don’t even know the criteria. We have been asking what the criteria are but no answer.” “I have stopped worrying”, Chinyere said , “I won’t allow retrenchment fever kill me. I still have my certificate so I can still get job elsewhere.”

The performance of primary mortgage institutions (PMIs) in the discharge of their fundamental duty of providing of mortgage loans to Nigerians has been deemed woeful.

The Central Bank of Nigeria, CBN, is to revoke the operating licenses of illiquid microfinance banks, MFBs, Vanguard investigations reveal.

We are calling on all their customers and depositors to begin to hasten up transactions with them at list before we descend on them because any moment from now we will move in to shut their operations and ground them

Demand for Federal Government Bonds dropped by 75.38 per cent last week to 73.56 million units valued at N79.84 billion in the Over-the-Counter (OTC) bond market.