Economists back Soludo, insist on CBN autonomy

May 27, 2012 by Leke Baiyewu 24 Comments former CBN Governor, Professor Charles Soludo | credits: File copy Economists have warned the Federal Government against removing the autonomy enjoyed by the Central Bank of Nigeria. According to them, the bank plays a central role in the economy and can be exposed to anarchy. A former […]

Nigeria economy will collapse if… – CBN warns

By Henry Umoru & Inalegwu Shaibu ABUJA- THE Central Bank of Nigeria, CBN, warned Wednesday  that if the present autonomy being enjoyed by it was removed, the nation’s economy stands the risk of collapsing. The country’s apex bank also urged the Senate to jettison the move if the nation’s economy must grow and for the […]

N1.1trn Subsidy Fund Scam: NNPC dares CBN, Reps; wants proof

By Emmanuel Aziken, Clara Nwachukwu, CLIFFORD NDUJIHE, aDEMOLA aKINYEMI, Yemi Adeoye & Mike Eboh LAGOS—Ahead of tomorrow’s commencement of debate on the report of the House of Representatives Ad-Hoc Committee on the utilization of petroleum subsidies, industry and political stakeholders were weekend separately upbeat and muted over alleged errors in  the recommendations. The Nigerian National […]

World Bank warns Nigeria about oil revenue •Sanusi tips Okonjo-Iweala for W/Bank presidency

THE World Bank has again raised the alarm that Nigeria’s reliance on crude oil revenue is dangerous for the future of its mono-product economy. The Country Director of the bank in Nigeria Ms Marie Francoise Marie-Nelly said in an interview with an online news medium, Economic Confidential. Responding to the question on whether the nation […]

2012 budget: CBN dares N’Assembly

The National Assembly and the Central Bank of Nigeria (CBN) may be on collision course over refusal of the apex bank to submit details of its 2012 budget for legislative scrutiny and approval. Rather than the full budget, CBN submitted a medium-term budget forecast for 2012-2015. Daily Sun gathered that Appropriation Committees in both chambers […]

A need to curtail Sanusi’s charitable donations

February 24, 2012 by Abdulsalam Ajetunmobi      Amid all the hysteria surrounding the Central Bank of Nigeria’s donation of N100m to Kano victims of the Boko Haram terror attacks two weeks ago, the CBN Governor, Mallam Sanusi Lamido Sanusi, sought to justify the exercise of his authority to provide this charity initiative on the […]

CBN donates N25m to Madalla bomb blast victims (While he gave $100m to Muslims victims in Kano)

THE Central Bank of Nigeria (CBN) Governor, Mallam Lamido Sanusi Lamido, on Monday, donated N25 million to victims of bomb blast at St Theresa’s Catholic Church, Madalla, Niger State. Sanusi said he was making the donation on the strength of the bank’s corporate framework, enshrined in its Act, adding that when the incident happened in […]

We have a dysfunctional economy —Sanusi (You are just finding out?)

EXCEPT there is a deliberate effort to create other sources of revenue, the level of poverty in the country will continue to accelerate. This was the submission of the Central Bank of Nigeria (CBN) Governor, Mallam Sanusi Lamido Sanusi, at the Murtala Mohammed Annual Memorial lecture held in Lagos on Wednesday. Sanusi, who was the […]

Islamic Bank, Jaiz, Opens Doors to the Public

After months of controversy generated by the introduction of the non-interest banking in the country, also known as Islamic banking, Jaiz Bank Plc quietly opened its doors for business on Friday, January 6, 2011 in Abuja, the Federal Capital Territory (FCT). The bank, which has its head office in Kano House, Central Business District, Abuja, […]

Nations Cup update: Co-host Gabon crashes out in penalty shootout with Mali

President Ali Bongo of Gabon on Monday sent a message of comfort to the national team following their exit from the 2012 Africa Cup of Nations on Sunday in a jumpy quarter-final clash against Mali. The capital of the co-host nation Libreville and the rest of the country were plunged into total gloom after the […]

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