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…
CBN threatens banks’ CEOs, chairmen with sack in case of delayed annual results
The Central Bank of Nigeria (CBN) has read fresh riot Act to chief executives and board chairmen of commercial banks warning that any observed delay in the publication of their audited annual results and accounts at the end of the…
CBN, Adeosun in NASS net for buying $462m helicopters without approval in March
The Nigerian upper legislative chambers on Tuesday summoned the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, Minister of Finance, Mrs Kemi Adeosun and her Defence counterpart, Mansur Dan-Ali to appear before it. The trio are to appear…
Another recession imminent if economy is not run on strong policy synergy—CBN
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has raised fresh fears of another self inflicted recession if officials involved in running both the fiscal and monetary policies of the economy fail to ride on a strong…
Economy still vulnerable as MPC members retain all rates, monetary policy stance
Financial experts have given reasons why the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Wednesday left the Monetary Policy Rate (MPR) unchanged at 14 per cent. The rate had been at 14 per cent since…
3rd condition of fresh NCC’s terms on sale of 9mobile unfair to Teleology—Analysts
Even though Teleology Holdings on Wednesday, beat deadline for the initial payment of $50m to rest Smile’s media campaigns, a serious crack in the genuineness of the Nigerian Communications Commission (NCC) in driving the sale of 9mobile has emerged following…
Nigeria’s monetary policy template to become obsolete, risky from tomorrow if…
One of the key issues being considered by prospective investors both local and foreign remains the momentary decisions of the Central Bank of Nigeria’s Monetary Policy Committee (MPC). The decisions which chiefly include interest rate setting come once within two…
TSA probe by NASS: Is it that NNPC, CBN are hiding anything in common?
Nigerians are beginning to get worried on why on complete four occasions, the headships of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, had refused…
CBN in Awka, lists 3 policy actions to sustain economy’s exit from recession
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has given three way action plans to be pursued by the agency to deepen growth and further suppress the chances of recession come back including taming inflation, momentary injection…
Current board at 9mobile has only 90 to 180 days to sell it– CBN
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has given more insights on the real time frame and duties of the new management of 9Mobile led by Dr. Joseph Nnanna, former deputy governor of the apex bank….
