•Audit committee uncovers 90% uncompleted projects
•Minister says FG may recover huge unaccounted funds
A total of N700,538,741691.30 budgeted for the Ministry of Niger Delta Affairs between 2009 and 2015 with 60 per cent disbursement, has yielded only eight per cent...
The Central Bank of Nigeria (CBN) said the Federal Government has slashed its budget by 50 per cent, lamenting that the development has seriously affected its capabilities to fund some financial system initiatives.
Its Director of the Financial System Stability...
• It’s a routine examination, say analysts
• ‘What can happen to a weak bank’
To assess the strength of the nation’s banks, the Central Bank of Nigeria (CBN) is currently conducting stress tests on them. But depositors need not worry....
In a bid to cut the increasing cost of running their branches across the country, many Deposit Money Banks (DMBs) are now opting for renewable energy.
LEADERSHIP gathered that the new strategy by the banks is to enable them spend...
Litigations stall efforts to recover debts.
Efforts by the Federal Government at shoring up economic activities through debt recovery from individuals and organisations are not adding up. High-profile debtors are using the courts to mount blocks in the way of...
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has been elected as the President of the Association of African Central Banks (AACB).
Emefiele, who was elected at the 39th Ordinary meeting of the Assembly of Governors...
