If the governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, has his way, the nation would jettison the states, local governments and ministries which, according to him, are not viable. To him, it has come to a time in the life of Nigeria that it must overhaul the structures that make the […]
Nigeria’s naira could be allowed to devalue if oil prices and foreign exchange reserves continue to fall and monetary intervention attempts are exhausted, the Central Bank of Nigeria (CBN) said on Wednesday. The CBN has been pumping the United States dollar into the market at bi-weekly auctions, to help support the local currency, but without any sustained […]
The last may not have been heard about the nationalization of three banks by the Central Bank of Nigeria [CBN] as the House of Representatives Committee on capital market gave indication of its readiness to revisit the exercise. Chairman of the recently inaugurated Committee on Capital Market, Hon Herman Hembe, who gave the hint at […]
The Governor, Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has been announced the winner of the 2011 Central Bank Governor of the Year Award for Sub-Saharan Africa for the second consecutive year, by the international magazine, Emerging Markets. According to the editor, Emerging Markets, Taimur Ahmad, the awards recognise and honour leading policy makers […]
The Finance Minister designate, Mrs Ngozi Okonjo-Iweala, has said her role won’t put her in opposition with Central Bank of Nigeria (CBN) Governor,Mallam Sanusi Lamido Sanusi. Apparently dousing speculations that she would clash with the CBN Governor on the demarcation between fiscal and monetary policies, Okonjo-Iweala said both of them would work together for the […]
Ahead of the September 30 deadline given rescued banks to recapitalise, the Central Bank of Nigeria (CBN), on Friday announced the revocation of licenses of Afribank, Spring and BankPHB for failing to show enough commitment to the process since the new teams were named in August 2009. Announcing the move, Managing Director of the Nigeria […]
Bank International Plc yesterday announced entering into a transaction implementation agreement with Ecobank Transnational Incorporated (ETI) as the Central Bank of Nigeria (CBN) approved merger and acquisition talks by both banks. The development came as CBN Governor, Sanusi Lamido Sanusi, disclosed readiness of the stakeholders in the banking industry in Nigeria to publish in national […]
The House of Representatives on Tuesday made a U-turn on the controversial non-interest banking policy of the Central Bank of Nigeria, saying that it never endorsed the model. The Chairman of its Ad-Hoc Committee on Media and Publicity, Mr. Opeyemi Bamidele, told a news conference in Abuja on Tuesday that the lawmakers decided not […]
Christian Association of Nigeria, CAN, yesterday, expressed disappointment at the House of Representatives endorsement of the controversial Islamic banking in Nigeria, saying the act smacks of bowing to an already written script. Reacting to the endorsement by the lawmakers after a briefing by the governor of Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi, […]
The Governor of the Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi yesterday defended the controversial policies of Islamic banking and the introduction of a daily limit on the withdrawal of cash saying the decision of the bank was backed by legal provisions and not to advance the cause of any religion. Mallam Sanusi […]
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