Tag Archives: Central Bank of Nigeria

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

National Assembly Mace

Senate Opposes Sale Of National Assets

The Senate this morning votes against the controversial sale of national assets when it rejected an item on the report of a committee on the issue. A post on the Senate Twitter handle quotes Ali Ndume, the Senate leader of saying “The Senate oppose the sale of National Assets to shore up Foreign Reserves.” Since

Kemi Adeosun

Nigeria’s investor roadshow kicks off in London

Finance Minister, Kemi Adeosun’s meeting with London-based investors last Tuesday 7th June 2016, has provided an update on the Federal Government’s plans for economic reform, investment, and growth. A statement issued by Festus Akanbi, Special Assistant to the Minister of Media, indicates that the day-long event organised by Standard Chartered Bank was aimed at updating

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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

Muhammad-Sanusi-II

Emir of Kano Asks Residents To Fight Boko Haram

The Emir of Kano, Sanusi Lamido has challenged residents of the Boko Haram troubled areas to rise to the task by defending themselves against the Islamic extremists ravaging the North-Eastern parts of Nigeria. The Emir made the call in a prayer meeting in Kano noting that residents should not expect soldiers to protect them from

Emefiele

Federal Government Appoints Emefiele As CBN Governor

Godwin Emefiele, the  chief executive officer, Zenith Bank Plc, has been appointed as substantive Governor of the Central Bank of Nigeria, CBN. He replaces Sahusi Lamido Sanusi, who was suspended this morning by President Goodluck Jonathan. Bayo Adelabu, executive director, First Bank Plc has also been named deputy governor, replacing Tunde Lemo. The names of the

Sanusi-Lamido-Sanusi-(CBN-Governor) - photo-by-Sunday-Adedeji

President Jonathan Suspends CBN Governor Sanusi

  In what appears to be a tale of the hunter being the hunted, Lamido Sanusi, governor, Central Bank of Nigeria, CBN, has been suspended by President Goodluck Jonathan. Sanusi who has been having a running battle with the petroleum ministry and the Nigerian National Petroleum Corporation, NNPC, over his allegations of $20 billion missing

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