Chukwu, Omordion differ on naira devaluation by CBN
Two leading finance market experts in Nigeria have taken divergent positions on the recent devaluation of naira which the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele had insisted to be an adjustment and not devaluation. Recall…
Can Nigeria survive naira devaluation, COVID-19 crisis, oil price crash?
Though the Central Bank of Nigeria (CBN) has continued to deny the fact that it had technically devalued the Nigerian naira, financial pundits refused to be confused after all. Whereas many resisted being convinced by choice of words used by…
Banks’ hail CBN for postponing nonperforming loans’ rainy day, but…
A cross-section of views from leading banking experts have hailed what they described as the pseudo postponement of a rainy day on issues bordering on nonperforming loans in banks. Observers say the policy summersault in view of COVID-19 and falling…
Confusion over Polaris Bank’s bailout repayment as CBN grants 1 year moratorium
Fresh confusion may have emerged as to when the Central Bank of Nigeria (CBN) appointed management team of the rescued Polaris Bank will pay back the total of N789bn bailout fund with which the apex bank used in resuscitating the…
(Special Report) Understanding Dangote’s diversification advice to Nigerian banks
Reviewing the multifaceted challenges’ facing the global crude oil prices due to the drop in crude oil demand and threatening COVID-19 worldwide, the Chairman, Dangote Group, Alhaji Aliko Dangote had on Wednesday last week urged government and other major stakeholders…
National Theatre: Are FG, CBN, NBC unaware of concessionaire before planning redevelopment?
Rewind to when the Central Bank of Nigeria (CBN) and the Nigerian Bankers Committee (NBC) unveiled their joint plan to revive the National Theatre at Iganmu, Lagos, with about N25bn at the 11th Bankers Committee retreat in Ogere, Ogun State,…
Teleology Nigeria now owns 99.999% of 9mobile—Co-Founder Edewor
Even though there had been no substantial clarification from the Central Bank of Nigeria (CBN) that all the 13 banks’ syndicated loan had been repaid, contrary to the controversies trailing the real ownership of 9Mobile telecoms, a co-founder of the…
Lessons from Zenith Bank, mentorship and Gov. Udom Emmanuel
The recent colourful funeral of the father of the incumbent governor of Akwa Ibom State, Obong Udom Emmanuel has come and gone, but sight and sound bites still oozing out from the ceremony concerning Zenith Bank and philosophy of staff…
Multiple forex rates driving currency round tripping, deepening fragility—Nzekwe
Former President of the Association of National Accountants of Nigeria (ANAN), Dr Sam Nzekwe has raised an issue of urgent national economic importance, saying the maintenance multiple foreign exchange regimes is driving endless round tripping and soaring the fragility of…
Can CBN recover unsecuritized ABP’s loans in the north as it targets N’Delta rice farmers?
More than two weeks after the news broke that the Central Bank of Nigeria (CBN) is dragging about 70,000 rice farmers in Kebbi State to court for defaulting Anchor Borrowers Programme (ABP) of the bank, the apex bank has again,…
