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- Title
Merger Progress.
- Abstract
Reports on developments following the 2004 requirement of Charles Soludo, governor of the Central Bank of Nigeria, for banks to increase their minimum capital base or face being banned from holding public-sector deposits and participating in the foreign exchange markets. Controversy over the marketing methods of banks to attract depositors; Objectives of Soludo's directive; Preliminary consent for the merger of United Bank for Africa and Standard Trust Bank.
- Subjects
NIGERIA; BANKING industry; BANK mergers; SOLUDO, Charles; BANK capital; UNITED Bank for Africa PLC; STANDARD Bank &; Trust Co.
- Publication
Africa Research Bulletin: Economic, Financial & Technical Series, 2005, Vol 42, Issue 6, p16589
- ISSN
2053-227X
- Publication type
Article