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Tag Archives: Central Bank of Nigeria (CBN)

17,000 ATMs inadequate to drive ease of banking—Adeoti

atm-machines

The managing director of Inlaks Group, Femi Adeoti has decried the poor number of Automated Teller Machines (ATMs) across the country, saying the number is not encouraging the national drive ...

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IMF traces weak economic growth in Nigeria, S’Africa to political risks

CBN London drive

More facts have emerged on why several frantic efforts so far made by the present administrations in Africa’s largest economies to attract credible deep pocket foreign investors have failed to ...

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ERGP success tied to robust banking industry—IMF

imf visit

Whereas the Central Bank of Nigeria (CBN) has repeatedly claimed that Nigerian commercial banks are all strong and fit, the International Monetary Fund (IMF), has warned that many commercial banks ...

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Why rising external reserves fail to attract real foreign investor

Buhari CBN

An Economist, Dr. Ken Igboanugo has given an insight as to why little or no foreign investors have decided to rely on the blossoming external reserves to arrive Nigeria for ...

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BVN: Diaspora remittances, financial inclusion may collapse if….

Daispora Abike Dabiri

Analysts have started picking holes in the recent High Court order to commercial banks to freeze all accounts without Bank verification Number (BVN). According to them, the order if implemented ...

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More reasons why CBN can’t achieve rates convergence emerge

CBn Emefiele

The sustained struggle by the Central Bank of Nigeria (CBN) to drive exchange rate convergence in the face of liquidity squeeze and forex crisis is now close to one year ...

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Naira depreciation suffocating major banks, ICT, oil sectors—Report

Afrinvest Ike Chioke

The recently released 2017 Nigerian Banking Sector Report; “Nigeria Reopens for Business”, which will be launched by Central Bank of Nigeria (CBN) Governor Godwin Emefiele at the London Stock Exchange ...

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Why CBN should be tired of pursuing single exchange rate regime

CBN Godwin-Emefiele

The failure of the Central Bank of Nigeria (CBN) to effectively achieve single foreign exchange regime in the number of months it had been pumping forex to the market is ...

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BVN: Banks legal heads to meet today, study court order

bvn

Legal teams and company secretaries of all Deposit Money Banks (DMBs) in the country will today, Tuesday, begin a marathon emergency meeting to fashion out modalities to comply with a ...

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9Mobile loses ‘Orange’ opportunity to Airtel Sierra Leone

9Mobile

Orange, one of the world’s leading telecommunications operators, announced on Wednesday, the official launch of its brand in Sierra Leone after it successfully completed the acquisition of Airtel Sierra Leone ...

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