The pro-cyclical nature of the current international loan loss provisioning regime most banking crises have had as a direct cause the inadequate management of credit risk by institutions. Growth of bank lending is typically characterised by alternate periods of expansion and stagnation. In many countries loan loss provisions are likewise cyclical of nature.

From public statement it was learnt that the government asked the Nwaka committee to come up with a comprehensive list of eminent people of Delta across the 25 local government areas, who will mentor schools in their respective communities.

“Similarly”, according to him, “at about 10.00 am on June 12, 2009, our troops intercepted a tanker lorry with registration number, Plateau XF 915 JNN, loaded with products suspected to be crude oil.

The Lagos Chamber of Commerce and Industry (LCCI) has flagged off the 2009 Lagos International Trade Fair (LITF) prospectus.

By Henry Umoru ABUJA —  As parts of its efforts to sanitize the nation’s capital city, the Federal Capital Territory Administration (FCTA) has marked about 500 structures for demolition in Mpape, a suburb of Abuja.

But since he assumed office, he has never known a moment of peace from within and outside his political party, government, his political opponents and criminals roaming the towns and villages of his state. He is probably the most victimised of the 36 governors in Nigeria.

The commitment of the bank to infrastructure development and poverty alleviation across the country appears irreversible as it opens new branch at Ijebu Ode with a promise to join forces with the Awujale’s palace to strengthen the poverty alleviation programme and make the people to be more economic self-reliant, Lucky Fiakpa writes

[More…]

Several friends and acquaintances, both within and outside the media have contacted me lately for my reaction to the recent change of guard at our country’s Central Bank! My callers were generally rather disappointed at my tepid response of ‘let’s wait and see.

The newly appointed governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, has said that exchange of ideas and critical analysis of the banking industry are critical tools in the sustenance of good corporate governance.

By Albert Akpor FOR long Oshodi, a sprawling market and major bus-stop, revelled in its notoriety as an urban commercial jungle where confusion reigned supreme; a no-man’s land where bedlam was the order of the day courtesy of traders and commercial vehicle operators who turned the place into a war zone of survival. Then last […]