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Monday, December 9, 2019

CBN Sold $2.5bn Forex in November, Got $2.48bn Inflow

The Central Bank of Nigeria ,CBN, in its Economic Report of the Nigerian Economy for the month of November 2015 said that $2.48 billion...

AMCON Board Authorises Purchase of Non-performing Loans

The Board of the Asset Management Corporation of Nigeria (AMCON) concluded its first board meeting today in Abuja, during which it reiterated its mission...
cbn

CBN Gets Buhari’s Nod On New Forex Regime

President Muhammadu Buhari has given the Central Bank of Nigeria (CBN) the go-ahead to introduce flexibility in the naira’s exchange rate. The Senior Special Assistant...
Naira Dollar

Yuan Deal Forces Dollar To Retreat – Gwadabe

The federal government’s plan to increase the availability of renminbi (Yuan) was already favouring the Naira against the dollar, the President, Association of Bureau...
Naira Dollar

Nigeria’s Inflation Increases to 11.4%

Despite the federal government’s refusal to devalue the naira, the Consumer Price Index (CPI), which measures inflation, rose significantly to 11.4 per cent in...

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...

CBN Appoints New Executive Directors For Three Banks

The Central Bank of Nigeria has announced the appointment of new Executive Directors for Bank PHB, Spring Bank Plc and Equitorial Trust Bank Limited...

10 Year Tenure: Banks’ MDs to Go in July 2010 -CBN

… Banks to Negotiate Sales with Foreign Investors  The Board of the Central Bank of Nigeria has finally fixed a maximum tenure...

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...

NASS Passes CBN’s Asset Management Bill

The on-going banking reforms have received a significant boost with two key developments in the National Assembly. The House of Representatives has passed the...

Naira Devaluation: Buhari Forecloses Speculations

Again, President Muhammadu Buhari has foreclosed the possibility of devaluing the naira, insisting that those with a taste for imported luxury goods should pay...

Cecilia Ibru’s N400bn Assets

Before she was sacked from office as the Managing Director of Oceanic Bank Plc by the Central Bank of Nigeria (CBN), Mrs. Cecilia Ibru...

Nigeria Approves Inclusion Of Chinese Renminbi In External Reserves

The Central Bank of Nigeria (CBN) has finalized arrangements to diversify its external reserves holdings by including the Chinese Renminbi (RMB) to the existing...

Behold the Four Pillars of Reforms

The Central Bank of Nigeria , in its determination to reform the Nigerian financial system came out with a blue print built around four...

Audit Report that Exposed the Rot in the Banking Sector

Many people did not actually know the gory details of how the sacked chief executives of the eight banks ruined their banks, if not...

CBN Communiqué No. 76 of the Monetary Policy Committee Meeting

The Monetary Policy Committee (MPC) met on 23rd and 24th May, 2011 to assess current domestic and international economic and financial developments as well...

Skye Bank Get new CEO Designate

The Board of Directors of Skye Bank Plc has appointed the Deputy Managing Director of the bank, Kehinde Durosinmi-Etti, as the Group Managing Director...

AMCON Bill Ready for Presidential Approval

The Asset Management Corporation of Nigeria (AMCON) Bill has finally been passed, following its harmonization by the Committee set up by the two chambers...

N106bn Lost to Wonder Banks in Nigeria

A special committee has disclosed that a total of 560,882 claims amounting to N106.9 billion had been submitted by members of the public against...

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...