CBN stirs market confidence with shifts in banking policy

•Experts commend move to promote dialogue After a series of harsh words which depressed the banking industry, the recent recant of the Central Bank of Nigeria (CBN) on some core issues in its industry reforms is set to blow some desperately needed air of optimism over traumatised operators. A succession of policy reviews by the apex bank, especially that on the controversial proposal to sell the bailed out banks, may have been designed to send positive signals to the Nigerian financial markets ...
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Added July 18, 2010
from Businessday Nigeria