'Nigeria may nationalise banks'
By Our Reporter 18 hours 10 minutes ago Nigeria may nationalise banks that do not meet a September 30 deadline to increase their equity, rather than forcing them to liquidate, the Central Bank of Nigeria Deputy Governor Kingsley Moghalu has said.
Standard Bank Group Ltd., Africa's largest lender by assets, said it plans to increase its branch network in Nigeria by 20 per cent by the end of the year, according to Chris Newson, Chief Executive Officer of its Nigerian unit.