April 01
Nigeria: Banking Sector Recapitalisation - Much Ado About Retained Earnings
Behind the figures by Ijeoma Nwogwugwu Read more »
March 23
Nigeria: Notorious Missteps of Cardoso's CBN
When you want unvarnished truth, served with profound elan, brutal elucidation, and delivered with missile-guided robustness, the man you need is Marcel Okeke. He comes heavily… Read more »
March 13
Nigeria: Herbert Is Gone, Long Live Herbert
Ever since February 10, 2024, when I learnt of the tragic death of Herbert, his dear wife, Chizoba; his son, Chizi; and our mutual friend, Bimbo, I have been wanting to write to… Read more »
February 22
Nigeria: Tinubu Appoints Kemi Nandap Nis Cg, Ibrahim Gaga Neximbank Director
President Bola Tinubu yesterday approved the appointment of Kemi Nanna Nandap as the Comptroller-General of the Nigeria Immigration Service (NIS), with effect from March 1, 2024. Read more »
February 06
Nigeria: Cardoso, CBN and the Nigerian Economy
It is not just the menace of insecurity in the land that has been in the news in Nigeria, the economy too, and indeed the latter for obvious reasons as well, with the national… Read more »
January 31
Nigeria: CBN Issues Fresh Requirements to Mitigate Foreign Currency Risks
The Central Bank of Nigeria (CBN) Wednesday expressed concern over the growth in foreign currency exposures of banks through their Net Open Position (NOP). Read more »
January 10
Nigeria: Central Bank Sacks Boards of Titan Trust, Union, Keystone, Polaris Banks
The Central Bank of Nigeria (CBN) on Wednesday sacked the boards of Titan Trust Bank, Union Bank, Keystone Bank and Polaris Bank. Read more »
December 24, 2023
Nigeria: Former Central Bank Governor Meets Bail Conditions, Regains Freedom
Former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has been released from the Kuje Correctional Centre after fulfilling his bail conditions. Read more »
December 25, 2023
Nigeria: Emefiele, Mustapha, TGI Group Refute Obazee's Report On CBN Investigation
Report on the special investigation into the activities of the Central Bank of Nigeria (CBN), recently submitted to President Bola Tinubu, by a special investigator, Jim Obazee,… Read more »
December 11, 2023
Nigeria: CBN Suspends Charges On Cash Deposits Above N500k
In a move aimed at providing temporary relief to bank customers and easing cash crunch, the Central Bank of Nigeria (CBN) has announced the suspension of processing fees on cash… Read more »
December 02, 2023
Nigeria: Banks to Close Accounts Without Verification, Identity Number
The Central Bank of Nigeria (CBN) yesterday said it has become mandatory for all Tier-1 bank accounts and wallets for individuals to have either the Bank Verification Number (BVN)… Read more »
November 13, 2023
Nigeria: Respite Seen for Naira As CBN Intensifies Settlement of Forex Backlogs
The Central Bank of Nigeria (CBN) has intensified its clearance of backlogs of foreign exchange (FX) forwards, raising hope for the strengthening of the naira in the coming days. Read more »
October 13, 2023
Nigeria: CBN Lifts Forex Restrictions On Importation of Rice, Cement, Palm Oil, 40 Other Items
The Central Bank of Nigeria (CBN) yesterday, declared that importers of 43 items previously restricted from accessing foreign exchange (FX) at the official window are now allowed… Read more »
August 14, 2023
Nigeria: Central Bank Vows to Crackdown On Currency Speculators
The downward slide of the exchange rate of the naira to dollar has attracted the attention of the government at the centre as the Central Bank of Nigeria (CBN) on Monday expressed… Read more »
July 18, 2023
Nigeria: Protecting Families of Deceased Bank Customers
There is urgent need for a legislation to ensure easy access to accounts of the deceased by their families Read more »
July 15, 2023
Africa: Access Bank Expands Reach in Africa, Signs Deal to Buy Standard Chartered's Subsidiaries in 5 Countries
Standard Chartered Bank and Access Bank Plc have entered into agreements for the sale of Standard Chartered's shares in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra… Read more »
July 07, 2023
Nigeria: Central Bank Warns of Risks to International Financial System
The Central Bank of Nigeria (CBN) yesterday urged banks and other financial institutions to be vigilant and alert to possible emerging risks resulting from the circumvention of… Read more »
July 03, 2023
Nigeria: Zenith Retains Top Spot as Country's Number One Bank -Fourteenth Year in a Row
Zenith Bank Plc has retained its ranking as the number one bank in Nigeria by tier-1 capital in the 2023 Top 1000 World Banks' Rankings, published by The Banker Magazine. Read more »
June 26, 2023
Nigeria: CBN, Bill Gates Partner to Boost Financial Inclusion Drive
The acting Governor of the Central Bank of Nigeria (CBN), Mr. Folashodun Shonubi, has said the apex bank would continue to collaborate with the Bill and Melinda Gates Foundation… Read more »
Nigeria: Zenith Bank's CFO, Mukhtar Adam, Emerges Chief Financial Officer of the Year At the 11th Aabla
The Chief Financial Officer (CFO) of Zenith Bank Plc, Dr. Mukhtar Adam, has been named 'Chief Financial Officer of the Year' at the 11th All Africa Business Leaders Awards (AABLA)… Read more »
May 15, 2023
Nigeria: CBN Doubles Down in Fight Against Spiraling Inflation
The Central Bank of Nigeria (CBN) has reiterated its commitment to continue to take steps to control the country's spiraling inflation which rose to 22.04 per cent in April. Read more »
April 18, 2023
Nigeria: Nigeria, Other African Countries to Benefit From AfDB's Six-Year Fertilizer Strategic Plan
The African Development Bank (AfDB) has stated that its Africa Fertilizer Financing Mechanism (AFFM) strategic plan 2022-2028 is committed to mobilising funds to support the… Read more »
April 17, 2023
Nigeria: $800m World Bank Post-Petrol Subsidy Removal Facility Awaiting NASS Approval for Disbursement - Govt
The Minister of Finance, Budget and National Planning of Nigeria, Mr. Zainab Ahmed, at the weekend clarified that the $800 million facility the country recently got from the World… Read more »
April 14, 2023
Nigeria: CBN Warns Nigerians to Steer Clear of Fake Recruitment Portal
The Central Bank of Nigeria (CBN) yesterday warned Nigerians to disregard a fake recruitment portal purportedly floated by the bank. Read more »
April 07, 2023
Nigeria: $800m World Bank Support - NECA Urges Govt to Prioritise Fixing Refineries Above Sharing Palliatives
The Nigeria Employers' Consultative Association (NECA) has called on the federal government to prioritise fixing the country's comatose refineries instead of the proposed sharing… Read more »