Again, CBN maintain status quo for the tenth consecutive session on MPC rates
The Central Bank of Nigeria (CBN), today Tuesday ended its two-day discussions for 261st meeting (second this year) of the Monetary Policy Committee (MPC) and voted to maintain status quo for the tenth consecutive session. Otherwise, the apex bank retained…
Fintech threat is real; CBN warns banks’ to work out solutions to remain in business
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has made it clear that the incursions and poaching of Financial Technology (fintech) firms in the banking industry is real and must be faced with innovative ideas by…
Lagos High Court to rule today on N122bn judgment debt against Shell, FBN
After cross fire legal arguments, Justice Ibrahim Buba of the Federal High Court in Lagos will today, rule on the garnishee proceedings filed by some Ogoni chiefs from Ejama community in Rivers State against the Central Bank of Nigeria (CBN)…
Nigeria-China currency swap deal didn’t lift ban on or cover 41 items, CBN insists
As a way of clearing the air between the new Nigeria-China currency swap deal and the fate of the 41 items banned in its 2015 circular on items not valid for foreign exchange, the Central Bank of Nigeria (CBN) on…
Unlike NCC on telecoms, CBN lacks disciplinary claws on banking infractions—Experts
Official reactions of the Central Bank of Nigeria (CBN) on two critical issues of national importance currently hobbling financial transactions’ in Nigeria have shown that the apex bank, though has the necessary regulations, but lacks the will power and disciplinary…
CBN’s plans to end multiple rates to weaken naira, hike inflation, says Moody’s
There are strong chances for the Nigerian economy to reverse back to weaker naira regime, higher fuel price and hyper inflationary regime should the Central Bank of Nigeria (CBN) put paid to the pressure of International Monetary Fund and even…
Trade imbalance favouring China raises issues on what Nigeria’ll gain from swap deal
More facts are beginning to emerge on why it was after the Peoples Bank of China (PBC) posted on its website the currency swap deal that the Central Bank of Nigeria (CBN) hurriedly issued a statement on the deal done…
Strategic developments on Nigeria economy last week ending May 5, 2018
At the beginning of last week, the Central Bank of Nigeria (CBN) released its Purchasing Managers’ Index (PMI) report for the month of April, showing sustained improvement in manufacturing and non-manufacturing activities during the month. Specifically, both manufacturing and non-manufacturing…
Just in: 4 days after US visit, China reveals veiled N720bn Currency Swap deal with FG
Whereas many Nigerians are worried on why the Central Bank of Nigeria (CBN) shielded away from Nigerians, a currency swap agreement it sealed with the Peoples Bank of China (www.pbc.gov.cn/english) on April 27, 2018, the Chinese apex bank’s website today,…
Experts define Cybercrime, explains why Nigeria is ranked among worst cybercriminals
Founding fathers of Digital Encode Limited, a company that specialses in the design, management and security of business-critical networks, telecommunications environments and other information technology (IT) infrastructure have given fresh insights on cybercrime and how it affects Nigeria. The two…
