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CBN acknowledges positive improvement in insider-related credit

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The strategy adopted by the Central Bank of Nigeria in dealing with abuses in the banking industry has continued to yield positive results especially in the areas of corporate governance and insider-related credits.Just as the indicted chief executive officers and directors are still being grilled by the Economic and Financial Crimes Commission, those who did things right to escape the tortuous experience are doing much more to improve on the credibility of the industry.

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Fadama III, a success story - World Bank

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The World Bank, on Monday, in Abuja described the implementation of the Fadama III programme in Nigeria as a success story.

The bank's Fadama Task Team Leader, Dr Abimbola Adubi, told the News Agency of Nigeria (NAN) that the programme had created job opportunities, boosted rural infrastructure and enhanced conflict resolution.

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Banks tackle unethical practices

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Sample Image Banks in the country have stepped up measures to guard against a recurrence of events that led to the recent crisis in the sector.

Towards this end, Committee of Chief Compliance Officers of Banks in Nigeria (CCCOBIN) is holding an international symposium for Nigerian bankers, which will focus on measures geared towards strengthening the sector.

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CIBN, NES organise seminar on national budget

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The Chartered Institute of Bankers of Nigeria (CIBN) and the Nigerian Economic Society (NES) are organising a public forum to review the 2010 national budget to ensure proper implementation.

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Robbery: Banks in Okigwe on 5 days strike

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NORMAL banking activities came to a halt on Monday, in Okigwe, Imo State, as workers in nine banks operating in the town embarked on a five-day warning strike to protest incessant armed robbery attacks on the banks.

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