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Thursday, May 28, 2020

NDIC Recruits New Examiners to Monitor Banks

In its effort to have a firm hold on the banking industry, the Nigeria Deposit Insurance Corporation (NDIC) has released a fresh set of...

Benefits of non-interest banking to National Economic Development

Nigeria Deposit Insurance Corporation (NDIC) has admonished the Management of Jaiz Bank to embark on intensive public awareness and financial education on the benefits...

CBN Governor: The Rise and Fall of Sanusi Lamido

Devoid of politics, there have been serious allegations of financial irregularities against Mallam Sanusi Lamido Sanusi as Governor of the Central Bank of Nigeria...

JP Morgan, CBN Biker Over Naira Value

JP Morgan said it would assess Nigeria's suitability to remain in a key emerging currency bond index it manages. This is because of a...

S&P Worries Over 2014 Budget

One of the major international support bases for managers of the Nigerians Economy has dealt a heavy blow on the 2014 budget estimates submitted...

N346bn Scandal: The Detail of Akingbola’s Worldwide Assets to be Frozen

…Include Properties in Lagos, Ghana, Dubai, London and Various Shares After paying over £9.8million Pound Sterling to his English solicitors, the...

Naira now N250/dollar in parallel market

The naira gained about 30 per cent on Wednesday against the dollar at the parallel market to trade between N250 and N280 from N364...

The Effects of Sanusi's Bailout Funds

It goes by different names but means the same thing. US President Barrack Obama may choose to call it “stimulus package” or “bailout plan”....

Support Flows For New Development Bank

The proposed Wholesale Development Bank has raised significant interest among global funding agencies with the World Bank pledging $500 million and the African Development...

Bank accounts without BVN remain dormant – CBN

The Central Bank of Nigeria (CBN) Thursday, said that bank accounts without the Biometrics Verification Number (BVN) would be operated as “No Customer Initiated...

Nigeria’s Capital Market In 2013

At a gathering of stakeholders in Lagos, Chief Executive Officer of the Nigerian Stock Exchange (NSE0, Mr. Oscar Onyema reviewed capital market performance in...

NDIC: Consolidating achievements, projecting brighter future

As global economic challenges continue to rage with serious impacts on the world financial system, a stable banking sector must be achieved to be...

CBN Governor, Sanusi, accuses NNPC of kerosene subsidy fraud, says $20 billion unaccounted for

Nigeria’s Central Bank Governor, Sanusi Lamido, struck a defiant tone again Tuesday, accusing state-run oil firm, the Nigerian National Petroleum Corporation, NNPC, of failing to...

Naira Defies CBN’s Intervention, Exchanges for N320 per Dollar

Despite recent intervention of the Central Bank of Nigeria, CBN, in the inter-bank segment, the Naira continue falling in the parallel foreign exchange market,...

The 224 Bad Micro Finance Banks in Nigeria

The Economic confidential produces below the text of the Press Conference by Deputy Governor of Cental Bank of Nigeria (CBN), Financial System Stability (FSS),...

Jonathan Runs Out of Patience With Banks

It would appear that President Goodluck Jonathan considers banks as being stumbling blocks to his determination to diversify the Nigerian economy and thus position...

CBN Offers N3m Credit Incentive to Youths

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has launched the Youth Innovative Entrepreneurship Development Programme (YIED-P), an initiative designed to...

The Ranking of Nigerian Banks by Shareholders Funds

The Economic Confidential has discovered that before the intervention of Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) in the banking...

CBN to Minimise Forex Demands for Fees, overseas medicals

The Central Bank of Nigeria (CBN) is collaborating with Deposit Money Banks to work out strategies to minimise foreign exchange (forex) demand for school...
Live Covid-19
United States 1,750,377
Cases: 1,750,377
Deaths: 102,293
Recovered: 490,262
Active: 1,157,822
Brazil 414,661
Cases: 414,661
Deaths: 25,697
Recovered: 166,647
Active: 222,317
Russia 379,051
Cases: 379,051
Deaths: 4,142
Recovered: 150,993
Active: 223,916
Spain 283,849
Cases: 283,849
Deaths: 27,118
Recovered: 196,958
Active: 59,773
United Kingdom 267,240
Cases: 267,240
Deaths: 37,460
Active: 229,780
Italy 231,139
Cases: 231,139
Deaths: 33,072
Recovered: 147,101
Active: 50,966
France 182,913
Cases: 182,913
Deaths: 28,596
Recovered: 66,584
Active: 87,733
Germany 182,150
Cases: 182,150
Deaths: 8,548
Recovered: 163,200
Active: 10,402
India 163,120
Cases: 163,120
Deaths: 4,653
Recovered: 69,534
Active: 88,933
Turkey 159,797
Cases: 159,797
Deaths: 4,431
Recovered: 122,793
Active: 32,573
Iran 143,849
Cases: 143,849
Deaths: 7,627
Recovered: 112,988
Active: 23,234
Peru 135,905
Cases: 135,905
Deaths: 3,983
Recovered: 56,169
Active: 75,753
Canada 87,902
Cases: 87,902
Deaths: 6,799
Recovered: 46,465
Active: 34,638
China 82,995
Cases: 82,995
Deaths: 4,634
Recovered: 78,288
Active: 73
Chile 82,289
Cases: 82,289
Deaths: 841
Recovered: 33,540
Active: 47,908
Saudi Arabia 80,185
Cases: 80,185
Deaths: 441
Recovered: 54,553
Active: 25,191
Mexico 78,023
Cases: 78,023
Deaths: 8,597
Recovered: 54,383
Active: 15,043
Pakistan 61,227
Cases: 61,227
Deaths: 1,260
Recovered: 20,231
Active: 39,736
Belgium 57,849
Cases: 57,849
Deaths: 9,388
Recovered: 15,572
Active: 32,889
Qatar 50,914
Cases: 50,914
Deaths: 33
Recovered: 15,399
Active: 35,482
Netherlands 45,950
Cases: 45,950
Deaths: 5,903
Active: 40,047
Bangladesh 40,321
Cases: 40,321
Deaths: 559
Recovered: 8,425
Active: 31,337
Belarus 39,858
Cases: 39,858
Deaths: 219
Recovered: 16,660
Active: 22,979
Ecuador 38,103
Cases: 38,103
Deaths: 3,275
Recovered: 18,425
Active: 16,403
Sweden 35,727
Cases: 35,727
Deaths: 4,266
Recovered: 4,971
Active: 26,490
Singapore 33,249
Cases: 33,249
Deaths: 23
Recovered: 17,276
Active: 15,950
United Arab Emirates 32,532
Cases: 32,532
Deaths: 258
Recovered: 16,685
Active: 15,589
Portugal 31,596
Cases: 31,596
Deaths: 1,369
Recovered: 18,637
Active: 11,590
Switzerland 30,796
Cases: 30,796
Deaths: 1,919
Recovered: 28,300
Active: 577
South Africa 25,937
Cases: 25,937
Deaths: 552
Recovered: 13,451
Active: 11,934