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N5, N10, N20, N50 paper notes coming, says CBN
Latest Nigerian News Trends about Naira Currency and notes as of April 22nd 2013……
POLYMER notes – the glossy currency notes launched on September 30, 2009 by the late President Umaru Musa Yar’Adua to mark Nigeria’s 49th...
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CBN Blames Banks, SEC, NSE For Capital Market Crash
The Central Bank of Nigeria (CBN) yesterday blamed the near collapse of Nigeria’s capital market on sharp practices of some commercial banks and a “systemic” failure of regulators in the sector.
At the resumed public hearing of the House...
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Reps Seek Sanusi’s Removal From CBN Board
Debating an Act which federal lawmakers described as a “bad law”, the House of Representatives yesterday moved to reduce the powers of the Central Bank of Nigeria (CBN) specifically, in the areas of appropriation and constitution of the...
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Nigerian banks “one of the best prospective investment areas in the world”
The Asset Management Company of Nigeria (AMCON) was created by the Nigerian Central Bank and Ministry of Finance to stabilise the banking sector following the special audit in 2009. Mishnah Seth, frontier markets analyst at Investec Asset Management,...
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Nigerian Naira falls to its weakest in 9 weeks
The Nigerian naira eased against the U.S dollar on Thursday to its weakest in nine weeks as robust demand for the greenback from some end-users stocking up for Christmas sales and those excluded from the official window overstretched supply....
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Central Bank of Nigeria mobilises South-East region for e-payment system
IN a bid to mobilise Nigerians to embrace the recently introduced e-payment system, the Central Bank of Nigeria (CBN), on Friday, held a stakeholders’ forum with accounts/fund managers drawn from all the five states as well as the local government...
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Nigeria’s Naira depreciates to N167.40 against US dollars
Nigeria’s Naira touched a new all-time low in the inter-bank market and weakened at the Central Bank’s official window Monday It depreciated to N167.40 against the dollar in the inter-bank market initially before recovering to close...
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Banks to be fully capitalised by Sept end – CBN say
“No more concessions on imports, by Finance Minister”
LAGOS — Central Bank of Nigeria Governor, Mr. Lamido Sanusi, yesterday, in Washington DC, said by the end of this month, all banks would have been fully capitalised and that...
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Banking: Nigeria may raise key interest rate
Central Bank Governor Lamido Sanusi has said that Nigeria policy makers are ready to keep raising interest rates if inflation fails to remain below 10 per cent.
Sanusi is “not celebrating yet” after inflation eased to 9.4 per cent in July,...
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Banks in Nigeria on the way to recovery
“A report by an investment firm shows that the banking sector is beginning to wake up.”
Nigerian banks may be on the road to recovery. A recent report by investment firm, Afrinvest, showed a 23.7% increase in net income by year...
