CBN (Central Bank of Nigeria) - New Nigerian Politics

Ngozi Okonjo-Iweala and the Missing Trillions (1), by Charles Soludo

Posted by admin CBN (Central Bank of Nigeria), Latest Politics, National Politics, Top Stories Monday, February 2nd, 2015

I read some of the responses to my article, “Buhari vs Jonathan: Beyond the Election”, and I want to thank everyone who has contributed to the debate. I am glad that the debate has finally taken off. I have decided, for the record, to re-enter the debate if only to set some records straight and […]

Soludo, an embittered loser in search of relevance —FG

Posted by admin CBN (Central Bank of Nigeria), Headlines, Women Politics Wednesday, January 28th, 2015

y Emma Ujah, Abuja bureau Chief ABUJA — The Federal Government, yesterday, accused the former Governor of Central Bank of Nigeria, CBN, Prof. Chukwuma Soludo, of poor managerial ability, saying he was largely responsible for the N5.67 trillion contingent liabilities of distressed banks, bought up by the Asset Management Corporation of Nigeria, AMCON, to save […]

CBN bars banks from holding funds in dollars

Posted by admin CBN (Central Bank of Nigeria), Headlines Thursday, December 18th, 2014

CBN Governor, Mr. Godwin Emefiele The Central Bank of Nigeria has barred commercial banks from holding any part of their funds in United State dollars as it steps up efforts to reduce pressure on the naira. The CBN, in a circulated dated December 17, 2014, ordered the banks to stop keeping one per cent […]

Naira devaluation: CBN withdraws N300bn from circulation

Posted by admin CBN (Central Bank of Nigeria), Headlines Monday, December 8th, 2014

BY BLAISE UDUNZE The Central Bank of Nigeria (CBN) has withdrawn N300 billion from the banking system to support the naira, which has been hit by falling oil prices. The development made the overnight rate to spike to 30 per cent on Friday, up from 12 per cent last week. This was as overnight lending […]

Jonathan, Sanusi settle rift

Posted by admin CBN (Central Bank of Nigeria), Latest Politics Friday, October 31st, 2014

L–R: Vice-President Namadi Sambo; President Goodluck Jonathan and Emir of Kano, Muhammad Sanusi II, at the Presidential Villa… on Thursday The Emir of Kano, Muhammad Sanusi II, on Thursday visited President Goodluck Jonathan in Aso Rock and allegedly apologised to his host for all his actions and inactions that strained their relationship. The relationship […]

Exposing the CBN Boko Haram “sponsor”

Posted by admin Boko Haram, CBN (Central Bank of Nigeria), Latest Politics Friday, September 19th, 2014

WHEN the Australian negotiator, Dr Stephen Davis, alleged that an unnamed top official of the Central Bank of Nigeria (CBN) was among the sponsors of the Boko Haram insurgency in Nigeria many people took his words with a pinch of salt as he had also named a former Chief of Army Staff, retired Lt Gen […]

Sanusi wrong over alleged missing $49.8b, says Senate

Posted by admin CBN (Central Bank of Nigeria), Latest Politics, National Politics, Senate, Top Stories Thursday, July 10th, 2014

• Rejects panel’s proposal to stop fuel subsidy • Wants speedy passage of PIB • Mark blames executive, legislature for graft IT is not true that $49.8 billion oil money is missing from the Federation Account as alleged by a former Governor of the Central Bank of Nigeria, Malam Sanusi Lamido Sanusi, the Senate declared […]

Shake-up in CBN, Emefiele redeploys deputy governors

Posted by admin CBN (Central Bank of Nigeria), Headlines Thursday, June 19th, 2014

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Wednesday began the reorganisation of the institution with the redeployment of the deputy governors of the bank. The development was confirmed in a statement issued by Mr. Isaac Okoroafor of the Corporate Communications Department of the CBN. The statement stated that with the […]

80% Nigerian youths are unemployed – CBN

Posted by admin CBN (Central Bank of Nigeria), Headlines Thursday, June 5th, 2014

The Central Bank of Nigeria on Thursday said 80 per cent of Nigerian youths are still unemployed. This is despite repeated figures released by the National Bureau of Statistics stating that the Nigerian economy had been creating millions of jobs in the past years. Only last week, the NBS announced that the economy created about […]

CBN orders banks to destroy cards trapped in ATMs

Posted by admin CBN (Central Bank of Nigeria), Headlines Wednesday, May 14th, 2014

PoS terminals and ATMs | credits: File copy The Central Bank of Nigeria has directed Deposit Money Banks to henceforth destroy Automated Teller Machine cards trapped in their ATM terminals. The CBN also gave banks 24 hours to reverse debit entries arising from failed transaction attributable to system-related issues. The directives were contained in a […]