Day: 15 August 2009

Business

Nigeria Plans $2.6 Billion Bank Bailout, Ousts Top Executives

Codewit CorrespondentAugust 15, 2009

LAGOS, Nigeria -- The Central Bank of Nigeria pledged to inject nearly $2.6 billion into five troubled banks and dismissed the institutions' top executives, a dramatic move aimed at rescuing...

Africa

CBN sacks 5 banksâ€™ CEOs, appoints acting MD/CEOs

Codewit CorrespondentAugust 15, 2009

The Central Bank of Nigeria (CBN) yesterday sacked with immediate effectÂ the Managing Director/Chief Executives and Executive Directors of five banks namely, Afribank PLC, Finbank PLC, Intercontinental Bank Plc, Oceanic...

Africa

Clinton’s trip to Nigeria

Codewit CorrespondentAugust 15, 2009

Â Nigeria â€” U.S. Secretary of State Hillary Rodham Clinton on Wednesday said corruption has undermined the legitimacy of Nigeria's government and urged the oil-rich nation to embrace broad political reform...

Europe

Ghanaâ€™s Ambassador To Guinea Attacked

Codewit CorrespondentAugust 15, 2009

The Minister of Foreign Affairs, Hon. Mohammed Mumuni has confirmed an attack on Ghanaâ€™s ambassador to Guinea, H. E. Dominic Aboagye, by some unprovoked armed men in Conakry, the capital...

Op ed

Opinion Ghana: God, Save the Country

Codewit CorrespondentAugust 15, 2009

Some of the major achievements of the late Dr. Kwame Nkrumah's government were the numerous industries and factories that he established. (more…)

Africa

Clinton, In Nigeria, Talks Tough On Corruption

Codewit CorrespondentAugust 15, 2009

Secretary of State Hillary Clinton offered up a blunt assessment of problems in Africa's most populous nation Wednesday, accusing the government of Nigeria of enabling a culture of corruption. (more…)

Economics

Nigeria takes control of five banks that failed stress tests

Codewit CorrespondentAugust 15, 2009

The upheaval in Nigeria's banking sector deepened yesterday when the central bank dismissed the management of five lenders and effectively brought them under state control with a $2.6bn rescue package....

Africa

PDP, Mark Tackle Clinton Over Nigeria

Codewit CorrespondentAugust 15, 2009

The Peoples Democratic Party (PDP) and Senate President David Mark have strongly condemned statements made by United States Secretary of State, Hillary Clinton, during her two-day visit to the country....

Day: 15 August 2009

Nigeria Plans $2.6 Billion Bank Bailout, Ousts Top Executives

CBN sacks 5 banksâ€™ CEOs, appoints acting MD/CEOs

Clinton’s trip to Nigeria

Ghanaâ€™s Ambassador To Guinea Attacked

Opinion Ghana: God, Save the Country

Clinton, In Nigeria, Talks Tough On Corruption

Nigeria takes control of five banks that failed stress tests

PDP, Mark Tackle Clinton Over Nigeria

Ogboni leader, Oba Olaitan, explodes, why members will make heaven

Codewism Philosophy

Daddy, I am your daughter

Religious conflicts in Nigeria

Anthony-Claret Onwutalobi

Anambra will partner you for developments, Soludo tells Tinubu

Finland – LAHTI’S separatist Simon Ekpa was escorted out of the apartment by plainclothes policemen

This is the most OPEN Election in which three candidates have clear paths to the Nigerian presidency.

24 people were arrested because they had something to do with Kanu mysteriously disappearing, and Kanu’s lawyer cried out about it.

Peter Obi responds el-Rufai over false claim that he was detained

More secrets of Mr Peter Obi were unveiled – Edwin Chukwujekwu

Faulting CBN’s Rationale for Daily Cash Withdrawal Limits

APC Press Conference Speech -Senibo Finebone

True Peace in Africa cannot be achieved through war or Violence

Ogboni leader, Oba Olaitan, explodes, why members will make heaven