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Tuesday, December 10, 2019

How They Killed Nigeria’s Banks

I got fascinated each time I read Mallam Sanusi Lamido Convocation Lecture delivered at the Convocation Square, Bayero University, Kano, on Friday 26 February,...

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...

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...

Islamic Bank to Commence Business in Nigeria

The Managing Director and Chief Executive Officer the proposed Islamic banking in Nigeria – Jaiz International Bank, Mohammed Mustapha Bintube has said that the...

BVN Reduces Fraud, Transactions Hit N49 trillion

There were indications that despite the challenging economic situation and high-level sophistication of fraudsters, huge increase in the volume and value of transactions across...

DMO Resumes Monthly Auctions, Offers N75bn FGN Bonds

The Debt Management Office (DMO) has resumed its monthly bond auctions, offering a total of N75billion FGN bonds, made up of N20billion for the...

N6.2bn Excess Charges Recovered from Banks-CBN

The Central Bank of Nigeria (CBN) said it had recovered about N6.2bn from Deposit Money Banks as excessive charges imposed on their customers in...
Godwin Emefiele CBN Governor

Forex crisis won’t derail financial obligations-CBN

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has assured that Nigeria will continue to meet matured financial obligations to foreign investors and...

RE- Alleged Limit to Loan Approval and 5% Equity Holding in Banks

The attention of the Central Bank of Nigeria has been drawn to two publications, the first in the Vanguard Newspaper of January 28, 2010...

4 Banks in Trouble Over ATM Fraud

Nigerian banks in the past year paid out almost N400 million as cashback on the use of point of sale terminals even as four...

NASS Confirms AMCON Members as CBN withdraws Class A Bureau De Change Licences

… As CBN Withdraws Class A Bureau De Change LicencesAt the National Assembly, the Senate has confirmed the appointment of the Board of the...

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...

CBN Endorses Bridge Banks

The Central Bank of Nigeria (CBN) has endorsed the decision of the Nigeria Deposit Insurance Corporation (NDIC), to exercise its statutory powers under the...
Godwin Emefiele CBN Governor

CBN to borrow N1.07tn in Q2

The Central Bank of Nigeria is planning to borrow N1.07tn via treasury bills issuance in the second quarter of 2016. The CBN said it would...

Value of PoS Transactions down to N46Bn in January

Merchants across the country recorded transactions through point of sale (PoS) terminals worth N46 billion in some 3.6 million number of transactions in January...

CBN encourages Islamic financial service standards

As part of efforts to sustain the growth of Islamic Banking in Nigeria, the Central Bank of Nigeria (CBN), in collaboration with the Islamic...

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...

Re: CBN and Non-Interest Financial Institutions

A few weeks ago, a document which decried the planned introduction of the Shariah (Islamic law) banking system under the Section 61 of the...

NSE goes tough on market manipulation

Authorities at the Nigerian Stock Exchange (NSE) are proposing a four-level penalty for market manipulation and illegal dealings as part of efforts to tighten...

Corporate Governance and Banking Dynamics

In recent times, corporate governance is one terminology that has continued to echo in the media; print, airwave, online. Its resounding nature has drawn...