Wednesday, January 12, 2022

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...

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...

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...

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...

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...

Jonathan, Sambo, Iweala To Eat, Travel With N3.7bn in 2014

In the 2014 budget proposal, Nigerian taxpayers are to cough out some N3.7 billion for President Goodluck Jonathan, Vice President Namadi Sambo and Coordinating...

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 To Lower Banking Costs

Part of the objectives of the revised version of the Nigeria Payment System (NPS) Vision 2020 Strategy launched by the Central Bank of Nigeria...

Bishop Urges Christians to Embrace Islamic Banking

A Bishop in the Dioceses of Chris Temple Ministry International, Bishop Goodluck Akpore, said opponents of Islamic Banking in Nigeria are ignorant of the...

In Defence of Independence of CBN

Introduction1. The Central Bank of Nigeria (CBN), like most others, has the core mandate of maintaining price stability and ensuring a non-inflationary growth. It...

Communiqué No. 83 of the Monetary Policy Committee

Meeting of Monday and Tuesday May 21 and 22, 2012Central Bank of Nigeria Communiqué No. 83 of the Monetary Policy Committee Meeting of Monday...

Re: A Suit Against CBN by Victor Dike

The attention of the Central Bank of Nigeria has been drawn to reports in the media regarding a suit against the Governor, Sanusi Lamido...

NDIC Warns Banks on Jumbo Salary

The Nigerian Deposit Insurance Corporation (NDIC) has warned banks against excessive jumbo remuneration packages which could have negative effect in their revenue drive.The Managing...

Sanusi Cautions African Central Banks on Debt Crisis

The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi has warned other central banks’ governors not to lower their guard in...

NDIC Gives Assurance on Banking Reforms

… Appoints Debt Recovery AgentsThe Nigeria Deposit Insurance Corporation (NDIC) has again reiterated that the ongoing banking sector reforms would foster the emergence of...

Islamic Bank: Jaiz Commences Business in 3 Branches

The Nigeria's first licensed Islamic Bank, Jaiz Bank Plc has commenced full operation of non-interest commercial banking in Nigeria from three branches in Abuja,...

Emir Commends Banking Reforms … AsCBN Condoles People Of Kano Over Boko Haram Attacks

The Emir of Kano, His Highness, Alhaji Ado Bayero has expressed satisfaction over the performance of Central Bank Governor, Mallam Sanusi Lamido Sanusi since...

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...

NDIC Launches Special Help Desk for Microfinance Banks

NDIC LAUNCHES SPECIAL HELP DESK FOR MCROFINANCE BANKSThe Nigeria Deposit Insurance Corporation (NDIC) has established a Special Help Desk for depositors, employees, shareholders and...

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...