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Posts tagged with "Central Bank of Nigeria"

Tough time ahead of Nigeria in 2012

Dec. 27 | By Yemi Ifegbuyi It doesn’t matter whether you believe in prophecy or not, the social-economic tension that is widespread in the country will not be in any way different come 2012. If there is anything to be cautious of, it’s for you not go to sleep...

Nigeria: CBN adds Chinese yuan to pool of foreign exchange reserves

Sep. 5 | Nigeria Approves Inclusion of Chinese Renminbi in External Reserves Press Release: The Central Bank of Nigeria (CBN) has finalized arrangements to diversify its external reserves holdings by including the Chinese Renminbi (RMB) to the existing currency...

Islamic Banking: What Sanusi wants, Sanusi gets - House of Reps

Jul. 22 | From left: CBN governor Sanusi Lamido Sanusi, Nigeria's parliament speaker, Aminu Tambuwal BY NAL staff writer Majority members of Nigeria’s lower lawmaking body, House of Representatives on Thursday applauded the Central Bank Governor, Sanusi Lamido...

NNPC liabilities exceed assets by $5billion says finance minister

Jul. 14 | Nigeria’s state petroleum firm has been labeled insolvent, raising new questions Wednesday over the oil-rich country’s squandered resources and what role corruption played in the company’s fate. The firm’s woes have also thrown...

UK court orders freezing of Akingbola’s assets

Jul. 14 | Intercontinental Bank Plc, a Nigerian lender bailed out by the country’s central bank, won a U.K. court order freezing 83 million pounds ($126 million) in assets held by its former chief executive officer. The bank won the global freeze in January...

IMF praises Nigeria’s fiscal responsibility act

Jul. 13 | The International Monetary Fund (IMF) said in Abuja on Monday that the Fiscal Responsibility Act in Nigeria was working and doing fine in accordance with international standards. Mark Horton, who led a delegation of IMF officials to Nigeria, said they...

Nigeria’s FG approves banking reform

May. 20 | The Federal Executive Council on Wednesday May 19 resolved to embrace a comprehensive overhaul of the nation’s financial sector with a banking reform package that would replace the current universal banking model. Information and Communications Minister,...