CBN warns Shippers, Shipping Companies in Nigeria
Non-compliance by shipping lines to the directive by the Federal Government that all export goods leaving the country should carry Nigerian Export Proceeds (NXP) numbers was the focus of discussions during a meeting recently convened by the Central Bank of…
Editorial: When did CBN, Bankers’ Committee develop asset investment arm?
The weekend’s colourful handover of the massive National Theatre, Iganmu, Lagos built in 1976 for hosting of FESTAC ’77 under Gen. Olusegun Obasanjo, has continued to generate reactions from investment experts. Weekend and Sunday, July 12, 2020 to be precise,…
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…
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…
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,…
Between CBN’s caution on rising debt and planned $30bn new loan
Before the latest Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) on Friday, January 24, 2020, every executive official of the Federal Government including Ministers, had been claiming that Nigeria’s debt profile is still within manageable…
Know Nigeria’s new Deputy CBN Governor designate; Kingsley Isitua Obiora
Kingsley Isitua Obiora, ever since rising to professional stardom, has been a serial record-breaker who has just been appointed Central Bank of Nigeria’s (CBN)s deputy governor, by President Muhammadu Buhari. Whereas his appointment is waiting for the National Assembly ratification,…
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…
Border closure: Ghanaian President, Nana Akufo-Addo opens up
Ghanaian president, Nana Akufo-Addo has broken his silence over the closure of Nigerian border, saying he was still hopeful that talks between his country and Nigeria over the closure of the Nigerian land borders would yield a positive result. Addressing…
