CBN Plans To Strengthen Risk Management In OFIs
The Central Bank of Nigeria (CBN) has taken moves to strengthen risk management in the financial services subsector categorized as Other Financial Institutions (OFIs), mainly mortgage banks, Finance Houses and micro-finance banks.
The move is aimed at taking...
Anti-Corruption Hero, President Buhari Leads by Example
By Garba Shehu
As he marks today, December 17 as his birthday, Muhammadu Buhari, driver of change and mobiliser of voters continues in his role as President and Commander-in-Chief of the Armed Forces of Nigeria, leading by setting examples as the...
The Many Shenanigans in Nigeria
By Enobong Udoh
This decade is about to end in a few weeks and surely Nigeria will start the next decade still as the country with most poor people. A check at the world poverty clock shows as the clock ticks...
Scandal: Disquiet over N23b traced to SDGs staff account
There is disquiet in the Office of the Sustainable Development Goals(SDGs) and the Office of the Accountant-General of the Federation(OAGF) over N23b traced to the account of a Level 12 officer, the Economic Confidential can authoritatively...
CBN Considers New BVN Rules To Tackle E-fraud
The Central Bank of Nigeria (CBN) will soon release a new Bank Verification Number (BVN) guideline and set additional rule that will guide it in watch-listing fraudulent banks customers and tackling e-fraud, the apex bank has said.
CBN...
Banks lose 2m Customers in 2 years – NIBSS
Despite Central Bank of Nigeria’s (CBN) effort to promote financial inclusion, Nigerian banks lost over 2 million customers between 2016 and 2017.
According to statistics from the Nigeria Inter-Bank Settlement System (NIBSS), the number of active bank...
