Monthly Archives January 2008

December 31 FYE: Implications for the Nigerian banks

 With the drive of the current administration of the Central Bank of Nigeria, CBN, to take the Nigerian financial sector to be at par with international standards, the recent pronouncement for all banks to have the same financial-year-end comes as no surprise. In more sophisticated economies, the financial institutions usually close their books at the […]

The Start of a New Era

Today is my last day at First City Monument Bank Plc. That marks the end of an exciting 2 years of challenging and rewarding work at one of Nigeria’s finest banks. The guys here are simply wonderful to work with. People are nice and they actually greet you and my colleagues are my friends.I was […]

Global Africa: Presence or Profitability?

Following the ultimatum that Nigerian banks shore up their capital base if they are to remain in business, several banks have indeed gone over board with each one raising capital in excess of $1billion. Their aim in the long run, having been rescued from the shackles of being a bank in a developing nation, is […]