Why Minister wants CBN to buy up gold off from local producers’
Challenges experienced by indigenous gold miners in securing genuine international markets for their products are now compelling the Minister of Mines and Steel Development, Olamilekan Adegbite, to approach Central Bank of Nigeria (CBN) in buying up the gold off the…
Dangote Refinery most visited private project by FG officials in 2019—BHIU
A month-by-month analysis of walking visits by top Federal Government officials throughout 2019 has shown that rather than a government project, Dangote Refinery, a private sector driven multibillion dollar scheme was most visited by officials of the Federal Government with…
Can CBN recover Polaris Bank’s N786bn taxpayers’ money bailout this year?
Fresh signal has emerged from the Central Bank of Nigeria (CBN) suggesting that chances are that the N786bn ($2.2bn) bailout fund given to former Skye Bank, now Polaris Bank may go the way of the controversial $7bn it ‘dashed’ to…
(Special Report) How banks’ joined forces to kick out Obono-Obla from SPIP
Fresh fact has emerged on why former chairman of the Special Investigation Panel for the Recovery of Public Property (SPIP), Okoi Obono-Obla, was sacked. Though earlier reports presented issues of persecution by an aide of Vice-President Yemi Osinbajo for his…
Slash in transaction fees: Banks shun yearly sms Christmas wishes to customers’
Many Nigerian banks’ account holders and customers’ have taken their anger to social media over commercial banks’ silence in sending out season’s greetings and best wishes via sms this year. Some of the bank customers’, who vented their anger using…
(Special Report) Devaluation: Can CBN continue forex intervention in 2020?
Whereas the Central Bank of Nigeria (CBN) had continued to struggle in refusing to devalue Nigerian naira, finance experts including some intelligence reports have averred that 2020 may not end before the apex bank will run out of stress in…
CBN gives cashless policy human face, brushes down charges on financial services
Following endless complains against rising bank transaction charges on Nigerians at a time the Federal Government is pursuing financial inclusion and digital economy principles, the Central Bank of Nigeria (CBN) on December 20, 2019 released two (2) regulatory guidelines to…
Released Q3 Manufacturers’ CEOs Confidence Index show stifling productivity
Contrary to claims of the Central Bank of Nigeria (CBN), latest released Nigerian Manufacturers’ CEOs Confidence Index for the third quarter of 2019, has indicated lending rates by commercial banks have remained at double digits. The report also showed that…
Shift from cash to cashless banking fired up cybercrime worldwide—Nkrumah
Clear explanation has emerged on the skyrocketing jump in the activities of cyber fraudsters, who now use advanced technologies to try and hack into the database of institutions in order to steal funds. This analogy was given by Ghanaian Head…
No more forex for products’ with local comparative advantage—CBN
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has warned that sooner than later, Nigeria may not have foreign exchange (forex) to support some activities including import of goods that have viable local comparative advantage. Recall that already,…
