Tag Archives: CBN

edition 49

Emefiele Under the Gun

Emefiele Under the Gun

Much uncertainty grips the Central Bank of Nigeria as the Presidency probes alleged irregularities in the audited financial statement of the bank for the 2015 financial year, ­— even in the midst of the institution’s curious foreign exchange transactions The love of money, the good book says, is the root of all evil. And so

Kemi Adeosun

CBN, SEC, PTDF, NAFDAC, Others To Return N450bn

Top government agencies including the Central Bank of Nigeria, CBN, Petroleum Technology Development Fund, PTDF, National Agency for Food and Drug Administration and Control, NAFDAC, are to refund about N450 billion to the Federal Government. Others are the Nigerian Television Authority, NTA, and the Securities and Exchange Commission, SEC, among others. To this end the 

Ernest Ebi

Fidelity Bank Gets New Board Leadership

Fidelity Bank Plc appoints three new non-executive directors, among them, a former deputy governor of the Central Bank of Nigeria A former Deputy Governor of the Central Bank of Nigeria, CBN, Ernest Ebi has emerged as a non-executive director and chairman designate of the board of directors, Fidelity Bank Plc. The appointment comes on the

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Tackling The Exchange Rate Palaver

By Adetutu Bashorun  It is interesting to observe that the CBN is grappling with thorny problems arising from its ambitious experiment leading to the inauguration of the Bureau de Change.  We recall how CBN operated like a herdsman, gathered the street forex peddlers under one umbrella and approved guidelines to operate as a currency expert

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Nigeria: Still Investors’ Haven

Despite the lull in economic activities due to lack of clear policy direction and the delisting of Nigerian bonds by JP Morgan, the Central Bank and financial experts insist that the economy remains attractive to foreign investors To many Nigerians, the nation’s economy is in dire straits owing to lack of clear economic policies and

Thomas Etu, Chairman, Unity Bank

Unity Bank Repositions for Growth

The management of Unity Bank says it is set to reposition the financial institution to underpin Nigeria’s growth even as Henry Semenitari, its managing director, MD, resigned last week. This is after a successful recapitalisation and re-branding exercise that evolved the bank into a profitable and customer-focused financial services company. In compliance with the requirements

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