BUSINESS

Secret Reporters  Despite a denial syndicated in the media by Unity Bank Plc over the weekend, financial statements of the bank in the last five years obtained from the Nigerian Exchange (NGX) Limited indicate that the lender is indeed troubled and distressed. In the syndicated press release, the Central Bank …

Secret Reporters The Central Bank of Nigeria (CBN) may nationalize ailing Unity Bank Plc over its troubled and unhealthy state, in its bid to save depositors and shareholders’ funds. This follows the apex bank’s target examination which shows that the lender is in grave financial condition with its capital adequacy …

Gbenga Francis Shobo: Firstbank Nigeria Limited, a foremost financial institution in Nigeria is currently in crisis as it is currently in troubled waters with the Central Bank of Nigeria – CBN over several issues. The Central Bank is coming hard on Firstbank over multiple cases of circumvention of due process. …