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Tag: central bank of Nigeria

YEditor 10 years

@cenbank steps in to help stop farmer-nomad clashes | How much are they providing?

by Laila Ibrahim The Central Bank of Nigeria, is to provide a seed funding of N100 billion to assist states in establishing mini modern ranches across the federation. This, is…

Kolapo Olapoju 10 years

Former MINT boss dares federal government to extradite him to the UK

by Godwin Akanfe The former Managing Director of the Nigerian Security Printing and Minting Company of Nigeria, Mr. Ehidiamhen Okoyomon, during his trial on Monday, 13 October, challenged the jurisdiction…

YEditor 10 years

Can the new @cenbank policies strenghten the banks?

by Tunji Andrews The Central Bank Governor, Mr Godwin Emefiele, has announced that the apex bank would continue to make policies that would strengthen the nation’s banking sector. Emefiele said…

Kolapo Olapoju 10 years

Statistics bureau denies releasing report about 85% employment rate and creation of millions of jobs

by Tunji Andrews Contrary to reports making the rounds, the National Bureau of Statistics, has come out to refute headlines saying Nigeria created 1,500,000 jobs in 6 months nor did…

Emmanuel Chidiogo 10 years

Warning: Padi padi regulation is taking over Nigeria’s financial sector

by Tunji Andrews From having virtually every full year result, covertly pointing accusing fingers at the Central bank of Nigeria, for over regulation and being insensitive to their profit margins;…

Emmanuel Chidiogo 10 years

Jega on the hot seat: Ijaw group want him sacked

by Godwin Akanfe In reaction to the proposed additional 30,000 polling units to be created by the Independent National Electoral Commission (INEC) ahead of the 2015 general election, the Ijaw Youth…

Emmanuel Chidiogo 10 years

Listen up, people! You will soon be paying more bank charges [DETAILS]

by Tunji Andrews The charge on extended use of other banks’ Automated Teller Machines (ATMs) reintroduced by the Central Bank of Nigeria, which took effect from Monday, has been considered…

Your bank still gets loans from CBN at 12%, then lend to you at xxx

By Tunji Andrews The Monetary Policy Committee (MPC) has retained the lending rate (MPR) at 12% after its meeting on Tuesday in Abuja. The Central Bank Governor, Godwin Emefiele, said…

Opinion: New challenges facing the Central Bank of Nigeria

by Ifeanyi Uddin To be fair to his critics, the new CBN governor did not dimension his tasks this lucidly. For the most part, he came across like a low-level…

Suraj Oyewale: Sanusi Lamido Sanusi – The morning after (Y! FrontPage)

by Suraj Oyewale How high did he rank on personal integrity and morality? Well, I learnt not to put my money on anybody on this subject. Maybe, I’m a bit…

Opinion: Setting the agenda for new CBN Governor

by Eze Onyekpere He has to co-opt stakeholders to facilitate the maintenance of the status quo in the extant CBN Act. The CBN needs this autonomy to effectively…

Okey Ndibe: A national insult rejected

by Okey Ndibe How did we quickly forget that Abacha’s looting of public funds from the vaults of the Central Bank of Nigeria was a patriotic act? Or that he…

Don’t get it twisted: Sanusi is still the CBN governor – Jonathan

by Oge Okonkwo Nigeria's president Goodluck Jonathan on Monday said that the suspended Lamido Sanusi was still the Governor of the Central Bank of Nigeria. The president said Sanusi would only…

Femi Aribisala: Why Sanusi Lamido should end up at Kirikiri prisons

by Femi Aribisala The last thing a country needs is a CBN governor who talks frivolously. The word of a CBN governor has implications for financial market volatility; therefore he…

Femi Fani-Kayode: What Jonathan did to Sanusi is disgraceful

by Femi Fani-Kayode The more people they seek to destroy for no just cause and the more innocent men and women that they persecute for telling the truth and for…

Diezani Alison-Madueke publicly admitted misappropriating N577 billion – Sanusi says

by 'Jola Sotubo Sanusi Lamido Sanusi, the recently suspended governor of the Central Bank of Nigeria (CBN) has reacted to his improper removal by President Goodluck Jonathan. Sanusi is said…

Opinion: Today’s Monetary Policy Committee meeting – Matters arising

by Ifeanyi Uddin This is where the dark clouds begin to gather. If “appointment” in the first instance involved choice by the President, subject to the Senate’s confirmation, what constitutes…

Opinion: Nigeria and its phantom MINT projections

by Nasir Suwaid The basic fundamental problem though is the fact that valid projections should always be premised on certain tangible factors of realism, conceptualism and a glaring self belief…

CBN governor, Sanusi Lamido to begin retirement leave in April

by Oke Efagene Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido, will commence his retirement leave as from April 1, 2014, which is 2 months to the end…

CBN, NNPC clash over alleged diversion of $49.8bn

by Akintomiwa Agbaje The failure of the Nigerian National Petroleum Corporation (NNPC) to remit $49.8bn (about N8tn) oil proceeds to the Federation Account of the Central Bank of Nigeria (CBN)…

House of Representatives question ministry’s N2.6bn warehouse in CBN, FCMB

by Akintomiwa Agbaje The House of Representatives Committee on Environment has emphasized that in order to stem lack of transparency and corruption, there is the need to overhaul the Ministry of Environment.…

No, we didn’t: CBN governor denies printing N5,000 notes, coins

by Oke Efagene Nigeria's apex bank over the weekend, denied claims that it had printed the controversial new N5,000 notes and coins that the Senate had earlier refused it permission…

Expect new generation naira notes before June next year – CBN

by Oke Efagene The Central Bank of Nigeria (CBN) has revealed plans to create a new generation of naira notes before the second quarter of next year, 2014.…

Ex bank workers sue CBN, NDIC, others over non-payment of entitlements

Fourteen thousand ex-workers of non-consolidated banks in Nigeria have sued the Central Bank of Nigeria over the bank’s alleged refusal to pay their entitlements. The ex-bank workers sued as registered…

Opinion: The disingenuity of Nigerian banks

by Ijeoma Nwogwugwu In my mind, there is no justification for the interest rates charged by Nigerian banks. For almost two years, the CBN, as a result of the expansionary…

Faith Tuedor-Matthews favoured to replace Lamido Sanusi as CBN Governor

by Rachel Ogbu Managing director of the Mainstreet Bank Limited, Faith Tuedor-Matthews is highly favoured to replace the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi whose tenure is coming…

Governor Yuguda makes U-turn on Northern State Governors’ Forum

by Lucas Togan In an about turn, Bauchi State Governor Isa Yuguda has bowed to pressure from prominent Northern elders and changed his mind and decided to remain in the…

More details emerge in CBN governor, Sanusi’s alleged sex scandal (READ)

by Rachel Ogbu More evidence continues to emerge to in the sex scandal involving Nigeria’s Central Bank Governor, Sanusi Lamido Sanusi who is accused of directing public funds to finance…

“He badly wanted a kiss” – This investigation on CBN governor Sanusi will make you cringe (READ)

by Akan Ido Mallam Sanusi Lamido Sanusi has been accused of many wrongdoings discharging his duties as the Central Bank governor; from the removal of bank CEOs to making utterances…

Fuel subsidy: Major fuel crisis imminent as FG’s ‘cheques bounce’ at CBN

by Isi Esene Another storm might be brewing with regards fuel subsidy payment to oil marketers as most of them were reportedly turned back while making attempts to claim funds…