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Saturday, October 19, 2019

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...

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...

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...

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 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...

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...

Nigeria’s Economic Growth to hit 5.41% Annually

Nigeria's Economic growth is expected to pickup averaging 5.41 per cent annually between 2017 and 2019, the National Bureau of Statistics, NBS, has forecasted. The...

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,...

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...

MPC and the blind leading the blind

The Monetary Policy Committee of the Central Bank of Nigeria is the “think tank” that designs the blueprint for best practice strategies that should...

CBN Consents Heritage, Enterprise Banks Merger

Bank of Nigeria (CBN) has consented to the merger between Heritage and Enterprise banks following the approval of the merger by the Federal...

Tale Of The Missing Trillions

Wealth without work, pleasure without conscience, commerce without morality, worship without sacrifice, politics without principles are not only few among roots of violence as...

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...

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...