Financial Regulatory Forum

By Nick Tattersall
LAGOS, Aug 24 (Reuters) – The head of Nigeria’s stock exchange on Monday denied being among debtors owing banks billions of dollars, the latest high-profile business figure to join a showdown with the country’s new central bank governor.

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By Nick Tattersall
LAGOS, Aug 19 (Reuters) – Nigeria’s anti-graft police have given defaulting debtors of five banks rescued in a $2.6 billion bailout, including some of the nation’s most powerful tycoons, a week to organise repayment or face arrest and asset seizures.

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By Ed Cropley, African Investment Correspondent
JOHANNESBURG, Aug 17 (Reuters) – Anyone wanting to be big in Africa has to be big in Nigeria, and the shock $2.6 billion bailout of five of its banks may have given foreigners a golden chance to enter the continent’s must-have market on the cheap. (more…)