30 C
Abuja
Thursday, September 19, 2019

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...

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...

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...

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...