Why CBN must return dollars defrauded from Nigerians in Diaspora
When Dr Anthony Ani, a finance analyst raised this alarm on the brazen faulty Diaspora remittances conversion tactics of the Central Bank of Nigeria (CBN) in collusion with commercial banks, nobody took him serious. However, only last week, Federal House…
CBN’s latest milk policy designed to encourage cattle ranching, but…
Lagos based development economist, Dr Lekan Amosun has interpreted the latest ban on milk imports by the Central Bank of Nigeria (CBN) as another policy to encourage Fulani herdsmen to consider ranching than the outdated and resisted land grabbing spree…
(Special Report) Is Emefiele’s CBN thinking outside or inside the box?
This may be shocking to many, but the truth is that a larger section of public finance experts are still baffled on why the Central bank of Nigeria (CBN) Governor, Mr Godwin Emefiele was retained and given another term of…
New CBN deputy Gov., Obiora resumes today after Senate drills
Following Senate Friday’s confirmation of the appointment of Dr. Kingsley Obiora as a Deputy Governor of the Central Bank of Nigeria (CBN), he is expected to officially resume duties at the glass house today, Monday, February 3, 2020. Recall that…
Tomato Jos Processing Group plans N7bn investment in five years
The Managing Director of Tomato Jos Farming and Processing Limited, Miss Mira Mehta has disclosed that the company will in the next five years invest N7 billion as part of corporate plan to scale up its investment in tomato farming…
Index of efforts that grew digital access in Nigeria by NCC in 2019
A careful review of the corporate sponsorships and partnerships in 2019 by the telecom regulator, the Nigerian Communications Commission (NCC) to drive penetration of digital economy in the year under review has shown strong coverage nationwide. Asides several other interventions…
3 months after, no signal from Bankers Committee on National Theatre
In September last year the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele told Nigerians that it has sealed strong understanding with the Nigerian Bankers Committee (NBC) to invest a whooping N22bn in the redevelopment of moribund National Theatre,…
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…
Finding solution to risks in raising banks’ Loan to Deposit Ratio
In developing economies, the key to socio-economic growth is access to finance, but the challenge is to increase loans to individuals and SMEs without suffering the fall-out of bad debt. Few months ago, the Central Bank of Nigeria (CBN) increased…
Why BVN became first biometric identity scheme to capture 40m Nigerians
…As NIN crawls to less than 30m in Dec 2019 Amongst all official biometric platforms in Nigeria, Biometric Verification Number (BVN) by bank account owners has become the first to cross the 40m mark in Nigeria. Business Hilights recalls that…
